regulatory
confidence high
sentiment negative
materiality 0.75
Lyra Therapeutics receives Nasdaq deficiency notice for equity below $2.5M minimum
Lyra Therapeutics, Inc.
- Stockholders' equity as of June 30, 2025 was ~$1.6M, below the $2.5M continued listing requirement.
- Company has 45 calendar days (until October 4, 2025) to submit a plan to regain compliance to Nasdaq.
- If plan is accepted, Nasdaq may grant up to 180 additional calendar days to evidence compliance.
- Failure to regain compliance could lead to delisting; Company may appeal to a Nasdaq Hearings Panel.
- No immediate effect on listing or trading of common stock under symbol LYRA on Nasdaq Capital Market.