regulatory
confidence high
sentiment negative
materiality 0.90
Nasdaq to delist Avenue Therapeutics on March 19; stock to trade on OTC Markets
AVENUE THERAPEUTICS, INC.
- Nasdaq notified Company it will delist common stock effective at open on March 19, 2025.
- Delisting due to failure to maintain minimum $2.5M stockholders' equity per Nasdaq Rule 5550(b)(1).
- Company failed to meet conditions of Panel exception requiring disclosure of equity-increasing transactions by March 14.
- Common stock (ATXI) expected to begin trading on OTC Markets on March 19, 2025.
- Company will continue filing periodic reports with SEC but warns of uncertain trading liquidity.