CONTRAFECT Corp: Nasdaq/NYSE listing notice — Nasdaq Staff determines to delist ContraFect for failing equity requirement

CONTRAFECT Corp

Nasdaq Staff delisted ContraFect on Aug 15, 2023 for failing Minimum Stockholders' Equity Requirement.
Company intends to appeal to a Nasdaq Hearings Panel, which may stay suspension.
Trading suspension of common stock effective Aug 24, 2023 unless appeal is requested.
Company had regained compliance on July 21, 2023, but was placed under a one-year Mandatory Panel Monitor.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

CONTRAFECT Corp received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

August 15, 2023, the Nasdaq staff (“Staff”) informed the Company that, based on the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, the Company did not meet the Minimum Stockholders’ Equity Requirement or any other alternatives available for continued listing on the Nasdaq Capital Market and therefore the Staff had determined to delist the Company’s common stock from the Nasdaq Capital Market (the “Staff Determination”). As a result of the Mandatory Panel Monitor described in the July 21, 2023 notice from Nasdaq, the Company is not eligible for a complianc

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Source: SEC EDGAR

accession 0001193125-23-216046

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