WINDTREE THERAPEUTICS INC /DE/ (WINT): Nasdaq/NYSE listing notice — Windtree receives Nasdaq delisting notices for board independence and bid price deficiencies

WINDTREE THERAPEUTICS INC /DE/

CEO appointment Jed Latkin (former independent director) on Dec 1, 2024 caused loss of majority independent board and audit committee shortfall.
Non-compliance with Nasdaq Rules 5605(b)(1) and 5605(c)(2)(A); cure period until Dec 1, 2025 or next annual meeting.
Bid price deficiency: closing bid below $1.00 for 30 consecutive days; ineligible for 180-day grace due to two reverse stock splits (cumulative >250:1) in prior 2 years.
Company intends to request a hearing before Nasdaq Hearings Panel to stay delisting; no assurance of regaining compliance.
Common stock continues trading on Nasdaq under symbol WINT; delisting risk remains if compliance not restored.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

WINDTREE THERAPEUTICS INC /DE/ received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1), 5605(c)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: board independence
Rules: 5605(b)(1), 5605(c)(2)(A)

Exact text from the filing

December 4, 2024, the Company received a notice (the “ Audit Committee & Board Independence Notice ”) from the Nasdaq Listing Qualifications Department (the “ Staff ”) indicating that the Company no longer complies with the (i) Majority Independent Board Standard as set forth in Nasdaq Listing Rule 5605(b)(1) and (ii) Audit Committee Composition Standard as set forth in Nasdaq Listing Rule 5605(c)(2)(A). The Company is in the process of reviewing and evaluating potential options to regain compliance with these continued listing requirements noted above in a manner consistent with the cure peri

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Source: SEC EDGAR

accession 0001437749-24-036752

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