other material
confidence high
sentiment negative
materiality 0.90
Sangamo Therapeutics receives Nasdaq delisting denial; bankruptcy court approves asset sale bidding procedures
SANGAMO THERAPEUTICS, INC
- Bankruptcy court approved asset sale bidding procedures; bid deadline Aug 4, auction Aug 10, sale hearing Aug 20.
- Nasdaq Hearings Panel denied listing continuation; company will not appeal; expects Form 25 delisting.
- Stock suspended from Nasdaq since May 5, 2026; currently trades on OTCQB under symbol SGMOQ.
- Company filed Chapter 11 on June 23, 2026; continues as debtor-in-possession under court jurisdiction.
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