ABVE Stock Sinks To Record Low – Here’s What Triggered The Plunge

• Trading in the company’s common shares and warrants will be suspended at the open of trading on June 2, 2026.
• Securities are expected to trade on the OTCID market under the symbol ABVEE.
• Above Food is considering an appeal to the Nasdaq Listing and Hearing Review Council.

Shares of Above Food Ingredients Inc. (ABVE) plunged more than 80% to a record low on Monday after the company disclosed a Nasdaq delisting notice tied to its failure to file audited financial statements and its overdue Form 20-F by the deadline.

As a result, trading in the company’s common shares and warrants will be suspended at the open of trading on June 2, 2026. The company said it is working to complete the audit and file its delayed annual report as soon as possible to meet relisting requirements.

What’s Next For ABVE?

Above Food is considering an appeal to the Nasdaq Listing and Hearing Review Council while exploring other options. In the meantime, its securities are expected to trade on the OTCID market under the symbol ABVEE following the suspension.

Above Food is a Saskatchewan, Canada-based regenerative food company that operates across Canada, the U.S., and several international markets. It operates through two segments: agricultural ingredient sourcing and processing, and consumer packaged food products.

ABVE’s 20-F Timeline

In March, Above Food said the audit process is largely complete, with only final third-party confirmations pending, including verification linked to a previously disposed subsidiary. The company added that delays stem partly from restructuring activities and issues involving former subsidiaries, but it expects the remaining audit steps to be resolved quickly so it can complete and submit its Form 20-F.

However, in April, Above Food said that until the audit is finished, the company cannot confirm its 2025 financial results or when it will file its Form 20-F annual report. The 20-F is an annual filing required by the U.S. Securities and Exchange Commission (SEC) for foreign companies listed on U.S. exchanges.

Retail’s Take On ABVE

Retail sentiment for ABVE on Stocktwits turned ‘bullish’ from ‘bearish’ a day earlier, amid ‘high’ message volumes.

ABVE shares have plummeted over 93% so far this year.

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