Hub Group, Inc. (NASDAQ: HUBG) received a Nasdaq non-compliance notice under Listing Rule 5250(c)(1) after failing to timely file its Form 10-Q for the quarter ended June 30, 2026. The notice does not immediately suspend trading, but continued non-compliance could lead to further action, including possible delisting. The development follows disclosures that Hub Group understated purchased transportation costs and accounts payable by $77 million during the first nine months of 2025 and that its 2023 and 2024 annual reports were materially misstated. The disclosures prompted stock declines that erased more than $870 million in market capitalization. A securities class action covers investors who acquired Hub Group securities from April 28, 2023, through May 11, 2026, with Aug. 28, 2026, as the deadline to seek lead-plaintiff appointment. Kaplan Fox & Kilsheimer LLP and Hagens Berman Sobol Shapiro LLP have separately publicized the litigation and investor outreach; the allegations have not been established in court.