ChaPanda Sets Up Independent Special Committee, Trading Remains Suspended

The formation of an independent special committee, armed with authority to hire forensic investigators and outside counsel, signals that ChaPanda's board is treating whatever prompted the trading halt as serious enough to warrant a formal, arms-length inquiry rather than an internal review. That structure matters most for holders of the suspended stock, whose ability to exit is frozen while the investigation unfolds, and for the independent directors now carrying the reputational weight of the process. The open question is the committee's scope and timeline: whether it delivers findings that allow trading to resume, or whether the suspension drags on as the probe widens.