Starbox Group Holdings Ltd. Faces Nasdaq Delisting
Ticker: STBXF · Form: 6-K · Filed: May 2, 2025 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | May 2, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, nasdaq, regulatory-action
Related Tickers: STBX
TL;DR
Nasdaq wants to delist Starbox (STBX), company had a hearing April 22nd.
AI Summary
Starbox Group Holdings Ltd. received a delisting decision from The Nasdaq Stock Market on March 7, 2025, due to non-compliance with Nasdaq Listing Rule 5815(c). The company attended a hearing on April 22, 2025, to appeal this decision.
Why It Matters
This filing indicates a significant risk to the liquidity and trading of Starbox Group Holdings Ltd.'s securities, potentially impacting investor confidence and market access.
Risk Assessment
Risk Level: high — The company has received a delisting decision from Nasdaq, which poses a substantial risk to its stock's continued trading on the exchange.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — The company filing the report and facing delisting.
- The Nasdaq Stock Market (company) — The exchange that issued the delisting decision.
- March 7, 2025 (date) — Date the company received the delisting notice.
- April 22, 2025 (date) — Date the company attended a hearing regarding the delisting.
- Nasdaq Listing Rule 5815(c) (rule) — The specific rule cited for the delisting decision.
FAQ
What was the specific reason for Nasdaq's delisting decision?
The Nasdaq staff determined to delist the Company's securities in accordance with its authority under Nasdaq Listing Rule 5815(c).
When did Starbox Group Holdings Ltd. receive the delisting notice?
The Company received the notice from The Nasdaq Stock Market on March 7, 2025.
Did Starbox Group Holdings Ltd. have an opportunity to appeal the decision?
Yes, the Company attended a hearing before the Nasdaq staff on April 22, 2025.
What is the principal executive office address of Starbox Group Holdings Ltd.?
The principal executive office is located at VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100 Kuala Lumpur, Malaysia.
Under which form does Starbox Group Holdings Ltd. typically file its annual reports?
Starbox Group Holdings Ltd. files its annual reports under cover of Form 20-F.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 2, 2025 regarding Starbox Group Holdings Ltd. (STBXF).