other material
confidence high
sentiment negative
materiality 0.90
Sangamo Therapeutics files Chapter 11; stock now trades on OTCID Basic under SGMOQ; auditor EY terminated
SANGAMO THERAPEUTICS, INC
- Filed voluntary Chapter 11 petition (Case No. 26-10989) on June 24, 2026.
- Common stock began trading on OTCID Basic Market under symbol SGMOQ on June 24, 2026.
- Nasdaq delisting appeal pending; stock suspended from Nasdaq since May 5, 2026.
- Audit committee terminated Ernst & Young as independent auditor on June 25, 2026.
- No new auditor engaged; EY's reports included going-concern explanatory paragraph.