regulatory
confidence high
sentiment negative
materiality 0.75
Plus Therapeutics receives Nasdaq delisting notice; plans appeal to stay listing
PLUS THERAPEUTICS, INC.
- Nasdaq notified on Sept 5, 2024 that company failed to regain compliance with minimum $2.5M stockholders' equity rule.
- Company intends to timely appeal, which automatically stays suspension/delisting pending hearing.
- Prior disclosure: stockholders' equity was ($1.348M) as of Dec 31, 2023.
- No assurance that Nasdaq Hearings Panel will grant continued listing or extension.