The trading freeze, which has effectively locked shareholders out for over a year, began on October 1, 2025, shortly after the company finalized its merger with a special purpose acquisition entity. While Nasdaq had previously signaled that activity would restart on Monday, that deadline passed without a resumption of market operations.

This latest development follows a July notification from the exchange, which issued a delisting determination to the firm. According to regulatory filings from September 30, 2025, the company is actively appealing that decision. The exchange maintains that the halt will persist until the firm provides the specific data required to resolve these outstanding transparency concerns.