Schmid issued a press release on November 17, 2025, disclosing receipt of a staff determination letter from the Nasdaq's Listing Qualifications Department, advising the company of the staff's decision "to delist the Company's ordinary shares and warrants from Nasdaq unless the Company timely appeals the staff's determination," due to the Company's failure to file its annual report for 2024.
Following this news, Schmid's stock price fell over 31% on November 18, 2025.
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