other material
confidence high
sentiment negative
materiality 0.90
Acorda Therapeutics, Inc.: Nasdaq/NYSE listing notice — Acorda Therapeutics delisted from Nasdaq, now trades OTC Pink under ACORQ after Chapter 11
Acorda Therapeutics, Inc.
- Common stock ceased trading on Nasdaq on April 12, 2024; now quoted on OTC Pink Open Market under ACORQ.
- Delisting triggered by failure to comply with Nasdaq Listing Rules 5101, 5110(b), and 5450(b)(1)(A) due to Chapter 11 proceedings and stockholders' equity below $10M.
- Nasdaq will file Form 25 to remove securities from registration under Section 12(b) of the Exchange Act; delisting effective 10 days after filing.