regulatory
confidence high
sentiment negative
materiality 0.75
Spyre Therapeutics, Inc. (SYRE): Nasdaq/NYSE listing notice — Aeglea BioTherapeutics transfers listing to Nasdaq Capital Market to address bid price deficiency
Spyre Therapeutics, Inc.
- Received notice of Minimum Bid Price non-compliance on Jan 13, 2023; initial grace period ended July 12, 2023.
- Nasdaq approved transfer to Capital Market effective July 14, 2023; stock symbol remains AGLE.
- Granted additional 180-day grace period until Jan 8, 2024 to regain $1.00 bid price for 10 consecutive days.
- Company intends to implement reverse stock split (approved by stockholders on June 6, 2023) to regain compliance.
- Failure to regain compliance by Jan 8, 2024 could result in delisting; may appeal to Nasdaq Hearings Panel.