other material
confidence high
sentiment negative
materiality 1.00
Carisma Therapeutics Inc. (CARM): Nasdaq/NYSE listing notice — Carisma Therapeutics to be delisted from Nasdaq on Oct 13; expects to wind down operations
Carisma Therapeutics Inc.
- Received Nasdaq delisting letter; common stock suspended from trading effective Oct 13, 2025; no appeal planned.
- Approval received to list common stock on OTCID market tier under symbol CARM starting Oct 13, 2025.
- Company expects to pursue sale or monetization of remaining assets and orderly wind down of operations.
- Warns that it is unlikely there will be meaningful cash available for distribution to stockholders.
- May file Form 15 to suspend SEC reporting obligations after delisting.