regulatory
confidence high
sentiment positive
materiality 0.55
Delcath regains Nasdaq compliance with audit committee composition rule
DELCATH SYSTEMS, INC.
- Nasdaq notified Delcath on July 8, 2024 that it regained compliance with Listing Rule 5605.
- Company had been out of compliance since May 29, 2024 due to insufficient independent directors on Audit Committee.
- Compliance restored by appointing Dr. Bridget Martell to the Audit Committee on July 2, 2024.
- Deadline to cure was May 23, 2025; early resolution avoids potential delisting.