other_material
confidence high
sentiment negative
materiality 0.65
Sutro Biopharma receives Nasdaq minimum bid price deficiency notice; has until Dec 17, 2025 to cure
SUTRO BIOPHARMA, INC.
- Nasdaq notified Sutro on June 20, 2025 of non-compliance with $1.00 minimum bid price rule.
- Company has 180 calendar days, until December 17, 2025, to regain compliance by closing at $1.00 for 10 consecutive days.
- If not cured, Sutro may transfer to Nasdaq Capital Market for a second 180-day period or face delisting.
- Sutro plans to monitor bid price and may implement a reverse stock split if needed.
item 3.01