Akanda Shares Surge After Restoring Nasdaq Compliance (AKAN) Fiona Craig NASDAQ:AKAN Latest News June 12 2026 8:56AM © Shutterstock Akanda Corp. (NASDAQ:AKAN) shares climbed 22% in premarket trading on Friday after the company announced it had regained compliance with Nasdaq’s listing requirements following the submission of its delayed annual report. The move removes a regulatory overhang that had weighed on the stock after the company was previously notified of a filing deficiency. Nasdaq Confirms Compliance Akanda disclosed that it received written confirmation from Nasdaq on June 10 stating that it had returned to compliance with Listing Rule 5250(c)(1). The rule requires listed companies to file periodic financial reports with the U.S. Securities and Exchange Commission on a timely basis. The confirmation follows the company’s recent efforts to bring its reporting obligations up to date. Delayed Annual Report Triggered Deficiency Notice Nasdaq informed Akanda on May 20 that it was no longer compliant with the exchange’s reporting requirements after failing to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025. The company subsequently submitted the required filing to the SEC on June 9. Following the filing, Nasdaq reviewed the matter and confirmed that the deficiency had been resolved, formally closing the case. Regulatory Milestone Removes Uncertainty Regaining compliance is an important step for Akanda, as continued non-compliance could have exposed the company to further regulatory action, including the potential risk of delisting. With the filing issue now resolved, management can refocus attention on business operations and strategic priorities rather than regulatory matters. The announcement was welcomed by investors, driving a sharp increase in the stock during premarket trading. Cannabis and Wellness Focus Based in Toronto, Akanda operates a cannabis business in Canada through its subsidiary operations. The company focuses on the cultivation, production and distribution of cannabis and wellness products, serving markets within the regulated cannabis sector. The latest Nasdaq notification provides greater certainty around the company’s listing status and removes a key concern that had recently weighed on investor sentiment. Akanda stock price Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards . This article was written by the editorial team at InvestorsHub/ADVFN and is provided for informational purposes only. In some cases, editorial staff may use artificial intelligence–based tools to assist in the research, drafting, or editing of content, under human review and oversight. This article does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. The views expressed are based on publicly available information believed to be reliable at the time of publication, but accuracy or completeness is not guaranteed. Readers should conduct their own independent research and consult a qualified financial professional before making any investment decisions. Categories: Latest News Akanda Shares Surge After Restoring Nasdaq Compliance (AKAN) Akanda Corp. (NASDAQ:AKAN) shares climbed 22% in premarket trading on Friday... B U Pre Login/Register Top Stories More News America’s Tungsten Supply Chain Comes Into Focus as New Defense Policy Highlights Strategic Importance of Domestic Critical Minerals Intel earnings and lower oil prices lift hopes for Wall Street rebound: Dow Jones, S&P, Nasdaq, Futures American Express shares slip despite earnings beat as revenue falls short of forecasts eBay shares fall as Meta expands Facebook Marketplace with dedicated Seller app Intel shares rise after AI-driven revenue beats expectations and outlook improves SpaceX pushes Starship Flight 13 launch to Friday because of weather More News AKAN Discussion View Posts US Market News 1 month ago Akanda Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity RequirementJune 18, 2026 5:00 PM NewsfileToronto, Ontario--(Newsfile Corp. - June 18, 2026) - Akanda Corp. (NASDAQ: AKAN) (the "Company" or "Akanda"), today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on June 16, 2026 indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders' equity for continued listing.As reported in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, the Company reported stockholders' equity of $-11,990,437. Nasdaq also determined that the Company does not meet the alternative continued listing standards relating to market value of listed securities or net income from continuing operations.The notification has no imm