Robot Consulting Appeals Nasdaq Delisting Determination to Hearings Panel
Robot Consulting has appealed a Nasdaq determination to delist its American Depository Shares. The appeal is pending before a Hearings Panel, while the existing trading halt remains in effect.
Robot Consulting Co., Ltd. (Nasdaq:LAWR) said it has received a Nasdaq determination to delist its American Depository Shares and has appealed the decision to a Hearings Panel. The company made the announcement on October 24, 2026, after submitting its appeal on October 23, 2026.
Nasdaq’s Listing Qualifications Department based the determination on concerns about historical trading activity in Robot Consulting’s securities. Nasdaq also believes certain factors may have left the securities vulnerable to manipulation by third parties.
The determination refers to Nasdaq Listing Rules 5101 and IM-5101-4. Under IM-5101-4, Nasdaq may use its discretion to delist a company where third-party misconduct affecting its securities is considered possible and the U.S. Securities and Exchange Commission has imposed a temporary trading suspension.
Robot Consulting has asked a Hearings Panel to review the Staff’s determination. The appeal means that the suspension of the company’s securities and Nasdaq’s filing of Form 25-NSE with the U.S. Securities and Exchange Commission will be stayed while the Panel considers the matter and reaches a decision.
The existing trading halt has not been lifted. It will remain in place unless Nasdaq subsequently removes it.
Robot Consulting said Nasdaq has not claimed or communicated that the company engaged in wrongdoing. The company said this applies both to Nasdaq’s review of recent trading activity and to other matters.
Robot Consulting said the delisting determination has no immediate effect on its ongoing business operations or financial condition. The company said it will continue operating in the ordinary course.
Robot Consulting is a Japanese platform service provider focused on human resource solutions, with an intention to expand into legal technology. Its Labor Robot product is a cloud-based human resource management system that supports employee attendance tracking, sales order management and the journalising of accounting items.
The company also assists small and medium-sized businesses with grant and subsidy applications and provides digital transformation consulting and support. Its Robot Lawyer platform offers preliminary legal consultation resources to individuals and small businesses, particularly concerning defamatory online posts and other reputational harm.
Robot Consulting Co., Ltd. announced that it had received a delisting determination from Nasdaq’s Listing Qualifications Department concerning the Company’s American Depository Shares (ADSs). The Company said it had appealed the determination to a Hearings Panel.
Nasdaq’s determination was based on concerns about historical trading activity in Robot Consulting Co., Ltd.’s securities and Nasdaq’s belief that certain factors may have made the securities susceptible to manipulation by third parties. The determination cites Nasdaq Listing Rules 5101 and IM-5101-4.
Robot Consulting Co., Ltd. said Nasdaq has not claimed or communicated a view that the Company engaged in wrongdoing. This applies to Nasdaq’s investigation of recent trading activity in the Company’s securities and otherwise.
Robot Consulting Co., Ltd. appealed the Staff’s determination to a Hearings Panel on October 23, 2026. The announcement reporting the appeal was dated October 24, 2026.
The appeal is pending review and a decision by the Hearings Panel. As a result of the appeal, the suspension of the Company’s securities and Nasdaq’s filing of Form 25-NSE with the U.S. Securities and Exchange Commission will be stayed pending the Panel’s review and decision.
The existing trading halt remains in effect unless and until Nasdaq lifts it. The Company said the appeal stays the securities suspension and the Form 25-NSE filing pending the Hearings Panel’s review and decision, but does not lift the existing trading halt.
Robot Consulting Co., Ltd. said the delisting determination has no immediate effect on its ongoing business operations or financial condition. The Company said it will continue conducting its business in the ordinary course.
Robot Consulting Co., Ltd.’s American Depository Shares are identified in the announcement as trading on Nasdaq under the ticker symbol LAWR. The announcement also states that an existing trading halt remains in effect unless Nasdaq lifts it.
Robot Consulting Co., Ltd. is a Japanese platform service provider focusing on human resource solutions, with an intention to expand into legal technology. Its services include a cloud-based human resource management system, grant and subsidy application support, and digital transformation consulting and support for small and medium-sized businesses.
Labor Robot is Robot Consulting Co., Ltd.’s cloud-based human resource management system. The Company says it helps users track employee attendance, manage sales orders and journalise accounting items.
Robot Lawyer is a platform launched by Robot Consulting Co., Ltd. that provides preliminary legal consultation resources to individuals and small businesses. The Company says it focuses particularly on defamatory online posts and other reputational harm.
The Hearings Panel will review Robot Consulting Co., Ltd.’s appeal and issue a decision, while the securities suspension and Form 25-NSE filing remain stayed pending that review and decision. The existing trading halt will remain unless Nasdaq lifts it.