regulatory
confidence high
sentiment negative
materiality 0.85
Traws Pharma receives Nasdaq delisting notice for stockholders' deficit of $105.5M
Traws Pharma, Inc.
- Received Nasdaq letter on Aug 21, 2024 for non-compliance with minimum $2.5M stockholders' equity.
- Reported stockholders' deficit of $105.5M as of June 30, 2024, below the required minimum.
- Must submit a compliance plan by Oct 7, 2024; extension possible to Feb 18, 2025.
- No immediate effect on listing, but failure to regain compliance may lead to delisting.