Datavault AI Heads to OTC Markets as Nasdaq Suspends Trading

Datavault AI Inc. has said its common stock is expected to start trading on the over-the-counter market on 17 November 2026, after Nasdaq decided to suspend trading in the shares on that date. For traders, the case is a clear example of how a collapsing share price can lead to a change of trading venue, with consequences for access, liquidity and risk.

Key takeaways

• The company expects its shares to be eligible for OTC Markets trading from the market open on 17 November 2026.
• The suspension stems from non-compliance with Nasdaq's $1.00 minimum bid price requirement and a separate low stock price rule.
• Datavault AI plans to ask the Nasdaq Hearings Panel for a hearing to try to keep its listing.
• The suspension does not by itself settle whether the company will stay listed in the long run.

What happened and why

According to a summary of the company's update, Nasdaq notified Datavault AI on 10 November 2026 that its stock faced delisting after closing below $0.10 per share for 10 consecutive business days. The company then announced receipt of the notice and the planned suspension on 13 November 2026.

Two Nasdaq rules are involved. The first is the standard $1.00 minimum bid price requirement. The second is a stricter "low stock price" rule. It requires suspension for issuers whose closing bid price stays below $0.10 per share for ten consecutive business days. In plain terms, the second rule works as a fast track: a stock that falls that far does not get the usual grace period to recover.

About the company and its next step

Datavault AI describes itself as a company that verifies, values and tokenizes data and real-world assets for organizations and individuals.

At the hearing, the company says it will present a plan to show it can meet the bid price requirement, and it will ask for more time to satisfy the conditions for reinstatement and continued Nasdaq listing. Whether the panel grants that request is not known at this stage.

What moving to OTC Markets means for traders

Over-the-counter markets generally have lighter listing standards than a major exchange. Traders in such stocks often face wider spreads, thinner order books and sharper price swings. Some brokers also restrict or limit access to OTC securities, so it is worth checking your own broker's policy before the changeover date. Fund mandates and institutional rules can also limit holdings of delisted shares, which may affect demand.

Broader market backdrop

The Datavault AI story is company-specific and sits far from the large-cap names driving index moves. For context, in the latest snapshot at 23:46 UTC on Friday, Meta Platforms was up 2.90% at 641.69, while Broadcom was down 4.76% at 347.01 and NVIDIA was down 2.01% at 162.85. Microsoft was up 0.17% at 523.88 and Apple up 0.39% at 356.27. The contrast shows how differently a distressed micro-cap and mega-cap leaders can behave.

What to watch next

• Whether Datavault AI formally requests, and is granted, a Nasdaq hearing.
• How the shares trade and how liquid they are once OTC trading begins on 17 November.
• Any company plan to lift the share price back above Nasdaq's minimum bid level.
• Your broker's rules on OTC securities, if you hold or follow the stock.

Markets are volatile, low-priced and OTC stocks can be especially risky, and this article is educational only and not investment advice.