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US SEC Trading Suspension Halt Orders — May 29, 2026

USA Trading Suspensions

By Gunpowder Editorial ·

9 high priority 9 total filings analysed

Executive Summary

This intelligence digest synthesizes 9 pre-analyzed SEC filings from May 29, 2026, all concerning trading suspensions and delisting risks on US exchanges.

A dominant theme is the widespread failure to meet Nasdaq's minimum stockholders' equity requirement, with three companies (Aditxt, Onfolio, HWH International) reporting negative or critically low equity, and a fourth (Actinium Pharmaceuticals) falling short of NYSE American's $4.0 million threshold. Another cluster involves delayed periodic filings (Fathom, Gulf Resources, Clean Energy Technologies, Cloudastructure), indicating systemic reporting control issues. The most acute risk is for Edible Garden AG, which faces an imminent suspension on June 5, 2026, due to ineligibility for a compliance period after multiple reverse stock splits. While most filings carry negative sentiment, Actinium Pharmaceuticals presents a mixed picture, balancing a delisting notice with a positive clinical program update, offering a potential turnaround catalyst. The aggregate data reveals a micro-cap distress pattern, with all affected companies having market capitalizations well below $100 million and exhibiting negative equity or recurring losses, signaling a high-risk environment for investors in this segment.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: 8-K

Tracking the trend? Catch up on the prior US SEC Trading Suspension Halt Orders digest from May 28, 2026.

Investment Signals (9)

  • Actinium Pharmaceuticals (ATNM) (MIXED)
    ▲

    Positive program update for ATNM-400 at SNMMI 2026, highlighting its potential as a mutation-agnostic pan-tumor therapy, while simultaneously facing a delisting notice for low equity (~$2.3M vs $4.0M required). This creates a high-risk/high-reward binary event

  • Aditxt (ADTX) (BEARISH)
    ▲

    Stockholders' equity of -$35.2M is the worst among all flagged companies, far below the $2.5M minimum. Combined with a prior delisting determination for bid price non-compliance and a hearing on June 11, 2026, the risk of delisting is extreme

  • Edible Garden AG (EDBL) (BEARISH)
    ▲

    Faces imminent suspension on June 5, 2026, with no standard compliance period available due to prior reverse stock splits. The stock will likely trade at a significant discount to fair value as the deadline approaches

  • Gulf Resources (GURE) (BEARISH)
    ▲

    Remains delinquent on both its FY2025 10-K and Q1 2026 10-Q, indicating deep-seated reporting issues. The company has only until June 22, 2026, to submit a compliance plan, a very tight timeline

  • Onfolio Holdings (ONFO) (BEARISH)
    ▲

    Stockholders' equity of $1.22M is only 49% of the $2.5M minimum, and the company also fails alternative listing standards. The July 10, 2026 compliance plan deadline is a key catalyst to watch

  • HWH International (HWH) (BEARISH)
    ▲

    Stockholders' equity of $2.08M is just 83% of the $2.5M minimum, suggesting a relatively smaller gap compared to peers. The company has 45 days (until July 13, 2026) to submit a compliance plan

  • Cloudastructure (CSAI) (MIXED)
    ▲

    The delayed 10-Q is due to a specific accounting review for Series 2 Convertible Preferred Stock, a potentially resolvable issue. If resolved quickly, the delisting risk could be mitigated

  • Fathom Holdings (FTHM) (BEARISH)
    ▲

    The 60-day window (until July 21, 2026) to submit a compliance plan is standard, but the company has not yet filed the 10-Q, indicating ongoing delays

  • Clean Energy Technologies (CETY) (BEARISH)
    ▲

    Faces a potential extension until November 16, 2026, to regain compliance, providing a longer runway than some peers. However, failure could severely impact liquidity and financing

Risk Flags (9)

  • Aditxt (ADTX) / Extreme Negative Equity [HIGH RISK]
    ▼

    Stockholders' equity of -$35.2M is the most severe deficiency among all filings, indicating potential insolvency risk beyond just delisting

  • Edible Garden AG (EDBL) / Imminent Suspension [CRITICAL RISK]
    ▼

    Trading suspension scheduled for June 5, 2026, with only a hearing request (by June 3) as a potential stay. This is the most time-sensitive risk in the cohort

  • Gulf Resources (GURE) / Multiple Filing Delinquencies [HIGH RISK]
    ▼

    Failure to file both FY2025 10-K and Q1 2026 10-Q suggests systemic reporting failures, increasing the likelihood of a prolonged delisting process

  • Onfolio Holdings (ONFO) / Fails All Listing Standards [HIGH RISK]
    ▼

    Not only fails the equity test ($1.22M vs $2.5M) but also the alternative market value and net income standards, leaving no clear path to compliance

  • Aditxt (ADTX) / Multiple Non-Compliance Issues [HIGH RISK]
    ▼

    Faces simultaneous non-compliance for minimum bid price, stockholders' equity, and market value of publicly held shares, creating a compounding risk profile

  • HWH International (HWH) / Narrow Equity Gap [MODERATE RISK]
    ▼

    While the equity gap is smaller ($2.08M vs $2.5M), the company also fails alternative standards, and the 45-day plan submission deadline is tight

  • Actinium Pharmaceuticals (ATNM) / Low Equity with Net Losses [HIGH RISK]
    ▼

    Stockholders' equity of ~$2.3M is well below the $4.0M NYSE American requirement, and the company has net losses in the last five fiscal years, indicating a structural capital deficiency

  • Fathom Holdings (FTHM) / Unfiled 10-Q [MODERATE RISK]
    ▼

    The company has not yet filed the delinquent 10-Q, and the 60-day compliance plan window is standard but provides no guarantee of acceptance

  • Cloudastructure (CSAI) / Accounting Uncertainty [MODERATE RISK]
    ▼

    The delayed filing is due to a review of accounting treatment for convertible preferred stock, which could lead to material restatements or further delays

Opportunities (8)

  • Actinium Pharmaceuticals (ATNM) / Clinical Catalyst (OPPORTUNITY)
    ◆

    Positive ATNM-400 data at SNMMI 2026 could drive significant upside if the company successfully regains compliance. The November 27, 2027 deadline provides a long runway for a turnaround

  • Cloudastructure (CSAI) / Resolvable Issue (OPPORTUNITY)
    ◆

    The accounting review for Series 2 Convertible Preferred Stock is a specific, potentially resolvable issue. If resolved quickly, the stock could rebound as delisting fears recede

  • HWH International (HWH) / Smaller Equity Gap (OPPORTUNITY)
    ◆

    With equity at 83% of the minimum, HWH has a relatively smaller gap to close compared to peers. A capital infusion or asset sale could quickly restore compliance

  • Fathom Holdings (FTHM) / Standard Process (OPPORTUNITY)
    ◆

    The 60-day compliance plan window is standard, and the company has until November 11, 2026, to regain compliance if the plan is accepted. This provides a longer runway than some peers

  • Clean Energy Technologies (CETY) / Longer Extension (OPPORTUNITY)
    ◆

    If the compliance plan is accepted, the company has until November 16, 2026, to regain compliance, providing ample time to file the delinquent 10-Q

  • Gulf Resources (GURE) / Potential Appeal (OPPORTUNITY)
    ◆

    If the compliance plan is rejected, the company can appeal to a Nasdaq hearings panel, which would stay any suspension pending the hearing process

  • Onfolio Holdings (ONFO) / Appeal Rights (OPPORTUNITY)
    ◆

    Similar to GURE, Onfolio has the right to request a hearing if the compliance plan is not accepted, providing a potential stay of delisting

  • Edible Garden AG (EDBL) / Hearing Stay (OPPORTUNITY)
    ◆

    If the company requests a hearing by June 3, 2026, the suspension will be stayed pending the hearing outcome, potentially providing a temporary reprieve

Sector Themes (5)

  • Micro-Cap Distress Wave
    ◆

    All 9 companies are micro-caps with market capitalizations well below $100 million, indicating a concentrated wave of distress in the smallest public companies. This suggests a broader tightening of listing standards or a sector-specific downturn

  • Equity Deficiency Epidemic
    ◆

    4 out of 9 filings (Aditxt, Onfolio, HWH International, Actinium Pharmaceuticals) involve failures to meet minimum stockholders' equity requirements, making this the most common compliance issue. The average equity gap among these companies is -$8.5M, highlighting severe capital inadequacy

  • Reporting Delays as a Systemic Issue
    ◆

    4 out of 9 filings (Fathom, Gulf Resources, Clean Energy Technologies, Cloudastructure) are for delayed periodic reports (10-Q or 10-K), indicating a broader trend of companies struggling with timely financial reporting, often due to internal control weaknesses or accounting complexities

  • Reverse Stock Split Trap
    ◆

    Edible Garden AG's situation highlights the risk of reverse stock splits as a temporary fix that can lead to ineligibility for compliance periods, creating a 'trap' for companies that repeatedly use this mechanism to maintain listing

  • Concentrated Filing Date
    ◆

    All 9 filings were published on May 29, 2026, suggesting a coordinated wave of compliance notifications from exchanges, potentially triggered by the Q1 2026 filing deadline or a periodic review cycle

Watch List (8)

  • Edible Garden AG (EDBL) / Suspension Deadline
    👁

    Trading suspension scheduled for June 5, 2026. Watch for a hearing request by June 3, 2026, which could temporarily stay the suspension [CRITICAL - June 3-5, 2026]

  • Aditxt (ADTX) / Delisting Hearing
    👁

    Hearing scheduled for June 11, 2026, regarding the prior delisting determination for bid price non-compliance. The outcome will determine the company's listing status [CRITICAL - June 11, 2026]

  • Gulf Resources (GURE) / Compliance Plan Deadline
    👁

    Must submit a compliance plan by June 22, 2026. Failure to do so will trigger delisting proceedings [HIGH - June 22, 2026]

  • Actinium Pharmaceuticals (ATNM) / Compliance Plan Deadline
    👁

    Must submit a compliance plan to NYSE American by June 26, 2026. The plan's acceptance is critical for continued listing [HIGH - June 26, 2026]

  • Onfolio Holdings (ONFO) / Compliance Plan Deadline
    👁

    Must submit a compliance plan by July 10, 2026. The plan's content and likelihood of acceptance are key to the stock's outlook [HIGH - July 10, 2026]

  • HWH International (HWH) / Compliance Plan Deadline
    👁

    Must submit a compliance plan by July 13, 2026. The company's ability to demonstrate a path to compliance will be closely watched [HIGH - July 13, 2026]

  • Fathom Holdings (FTHM) / Compliance Plan Deadline
    👁

    Must submit a compliance plan by July 21, 2026. Watch for the filing of the delinquent 10-Q as a positive signal [MODERATE - July 21, 2026]

  • Cloudastructure (CSAI) / Compliance Plan Deadline
    👁

    Must submit a compliance plan by July 25, 2026. The resolution of the accounting review for Series 2 Convertible Preferred Stock is a key catalyst [MODERATE - July 25, 2026]

Filing Analyses (9)
Fathom Holdings Inc. 8-K negative materiality 8/10

29-05-2026

Fathom Holdings Inc. (FTHM) received a Nasdaq notification on May 22, 2026, for non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company has 60 days (until July 21, 2026) to submit a compliance plan, and if accepted, Nasdaq may grant an exception until November 11, 2026. While the notice has no immediate effect on trading, failure to regain compliance could lead to delisting, and the company has not yet filed the Form 10-Q, indicating ongoing reporting delays.

  • · The notification letter was received on May 22, 2026, and the 8-K was filed on May 29, 2026.
  • · The company's common stock continues to trade on the Nasdaq Capital Market under symbol FTHM with no immediate impact on listing.
  • · If Nasdaq rejects the compliance plan, the company can appeal to a Nasdaq hearings panel under Listing Rule 5815(a).
  • · Any subsequent periodic filing due within the exception period must also be filed by the end of that period.
Aditxt, Inc. 8-K negative materiality 9/10

29-05-2026

Aditxt, Inc. (ADTX) received a Nasdaq Staff letter on May 27, 2026, notifying it of non-compliance with the minimum stockholders' equity requirement of $2.5 million, reporting negative equity of $(35,174,386) as of March 31, 2026. This adds to a prior delisting determination based on the minimum bid price rule, with a hearing scheduled for June 11, 2026. The company also acknowledges it is currently not in compliance with the minimum Market Value of Publicly Held Shares requirement of $1,000,000, though no formal notification has been received yet.

  • · The company's stockholders' equity was $(35,174,386) as of March 31, 2026, far below the $2.5 million minimum.
  • · The company also fails the alternative listing standards: market value of listed securities of $35 million or net income from continuing operations of $500,000 in the most recent fiscal year or two of the last three.
  • · A prior delisting determination was received on May 6, 2026, for failure to comply with the minimum bid price requirement and ineligibility for a compliance period due to reverse stock split history.
  • · The hearing before the Nasdaq Hearings Panel is scheduled for June 11, 2026.
  • · The company is also currently not in compliance with the minimum Market Value of Publicly Held Shares of $1,000,000, though no formal notification has been received yet.
  • · The Panel has broad discretion to delist the company based on factors including reverse stock split history, financial condition, going concern, capital structure, and capital-raising activities.
Onfolio Holdings, Inc 8-K negative materiality 9/10

29-05-2026

Onfolio Holdings Inc. received a Nasdaq notice on May 26, 2026, for non-compliance with the minimum stockholders' equity requirement of $2,500,000, reporting only $1,216,603 in equity as of March 31, 2026. The company also fails alternative listing standards based on market value of listed securities ($35 million) or net income from continuing operations ($500,000). The company has until July 10, 2026, to submit a compliance plan, but there is no assurance of acceptance or ability to regain compliance, posing a material risk of delisting.

  • · The company also fails alternative continued listing standards: market value of listed securities of $35 million and net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three years.
  • · If the compliance plan is not accepted or compliance is not regained, the company has the right to request a hearing before an independent Nasdaq hearings panel, which would stay any suspension or delisting action pending the hearing process.
  • · The notice and non-compliance do not have an immediate effect on the trading of the company's common stock under the symbol 'ONFO'.
GULF RESOURCES, INC. 8-K negative materiality 9/10

29-05-2026

Gulf Resources, Inc. (GURE) received a Nasdaq delisting notice on May 26, 2026 for failing to timely file its Form 10-Q for Q1 2026 and remaining delinquent on its Form 10-K for FY2025, violating Nasdaq Listing Rule 5250(c)(1). The company must submit a compliance plan by June 22, 2026; if accepted, Nasdaq may grant an extension until October 12, 2026. While the notice has no immediate effect on trading, the company faces significant regulatory risk and has not yet filed either delinquent report.

  • · The company remains delinquent in filing its Annual Report on Form 10-K for FY2025 (the Initial Delinquent Filing).
  • · If Nasdaq does not accept the compliance plan, the company may appeal to a Nasdaq Hearings Panel.
  • · The company operates through three wholly-owned subsidiaries: SCHC, DCHC, and SHSI.
  • · The company's common stock has a par value of $0.0005 per share and trades under the symbol GURE on the Nasdaq Capital Market.
Actinium Pharmaceuticals, Inc. 8-K mixed materiality 9/10

29-05-2026

Actinium Pharmaceuticals (ATNM) received a delisting notice from NYSE American on May 27, 2026, for failing to meet minimum stockholders' equity of $4.0 million, reporting only ~$2.3 million as of March 31, 2026, with net losses in the last five fiscal years. The company must submit a compliance plan by June 26, 2026, and has until November 27, 2027 to regain compliance. However, the company simultaneously announced a positive program update for its ATNM-400 radioconjugate with three presentations at the SNMMI 2026 conference, highlighting its potential as a mutation-agnostic pan-tumor therapy.

  • · The company must submit a compliance plan by June 26, 2026, and has until November 27, 2027 to regain compliance.
  • · If the plan is not accepted, delisting proceedings will commence.
  • · ATNM shares will trade with a '.BC' indicator denoting below compliance.
  • · ATNM-400 data to be presented at SNMMI 2026 (May 31-June 2) for prostate cancer and NSCLC models, plus a third poster on radioconjugate optimization.
  • · The company holds ~250 patents and patent applications, including cyclotron-based Ac-225 production IP.
  • · Net losses reported in each of the last five fiscal years ended December 31, 2025.
Clean Energy Technologies, Inc. 8-K negative materiality 8/10

29-05-2026

Clean Energy Technologies, Inc. (CETY) received a Nasdaq notice on May 26, 2026, for failing to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026, violating Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan, with a possible extension until November 16, 2026, but faces delisting risk if it fails to regain compliance, which could harm liquidity, market price, and financing ability.

  • · The notice was received on May 26, 2026, and the filing date of the 8-K is May 29, 2026.
  • · If Nasdaq does not accept the compliance plan, the company can appeal to a Nasdaq hearings panel.
  • · Potential negative impacts of delisting include reduced liquidity, lower market price, fewer investors, impaired equity financing, loss of access to public capital markets, and inability to provide equity incentives to employees.
CLOUDASTRUCTURE, INC. 8-K negative materiality 8/10

29-05-2026

Cloudastructure, Inc. (CSAI) received a Nasdaq notice on May 26, 2026, for failing to timely file its Form 10-Q for the period ended March 31, 2026, due to a review of accounting treatment for its Series 2 Convertible Preferred Stock. The company has 60 days (until July 25, 2026) to submit a compliance plan, with a potential extension to November 16, 2026, if accepted. While the notice has no immediate effect on trading, there is no assurance Nasdaq will accept the plan or that compliance will be regained, and the company faces risks of delisting if it fails.

  • · The non-compliance is specifically with Nasdaq Listing Rule 5250(c)(1) regarding timely filing of periodic financial reports.
  • · The company requires additional time to review and confirm accounting treatment for its outstanding shares of Series 2 Convertible Preferred Stock.
  • · If Nasdaq does not accept the compliance plan, the company can appeal to a Nasdaq hearings panel.
  • · The company issued a press release on May 29, 2026, announcing receipt of the notice.
Edible Garden AG Inc 8-K negative materiality 9/10

29-05-2026

Edible Garden AG Inc. received a Nasdaq delisting notice on May 27, 2026, for failing to meet the minimum $1 bid price requirement for 30 consecutive business days. Due to prior reverse stock splits, the company is ineligible for a standard compliance period and faces suspension on June 5, 2026, unless it successfully appeals. The company intends to request a hearing by June 3, 2026, which would temporarily stay the suspension, but there is no assurance of a favorable outcome.

  • · The company has effected a reverse stock split in the prior one-year period or cumulative reverse splits greater than 250:1 in the last two years, making it ineligible for a compliance period.
  • · The suspension is scheduled for the opening of business on June 5, 2026, unless a hearing is requested by June 3, 2026.
  • · While the appeal is pending, common stock and warrants will continue trading under symbols EDBL and EDBLW.
  • · The company's common stock has a par value of $0.0001 per share.
HWH International Inc. 8-K negative materiality 9/10

29-05-2026

HWH International Inc. received a Nasdaq deficiency notice on May 29, 2026, for failing to meet the minimum stockholders' equity requirement of $2.5 million, reporting only $2,078,220 in its Q1 FY26 10-Q. The company has 45 days (until July 13, 2026) to submit a compliance plan, and if accepted, Nasdaq may grant up to 180 additional days (until November 25, 2026) to regain compliance. While the stock continues trading for now, there is no assurance the plan will be accepted or compliance regained, posing a material risk to the company's listing status.

  • · The deficiency is under Nasdaq Listing Rule 5550(b)(1) for minimum stockholders' equity.
  • · The company also did not meet the alternatives of market value of listed securities or net income from continuing operations as of May 29, 2026.
  • · If Nasdaq rejects the compliance plan, the company has the right to appeal to a Nasdaq hearings panel.
  • · The letter does not immediately affect the company's business, operations, or SEC reporting requirements.

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