regulatory
confidence high
sentiment negative
materiality 0.80
Ensysce Biosciences receives Nasdaq delisting notice for equity shortfall
Ensysce Biosciences, Inc.
- Notice received August 20, 2024; non-compliance with $2.5 million stockholders' equity minimum as of June 30, 2024.
- Company plans to timely request a hearing before the Nasdaq Hearings Panel, which will stay delisting action.
- No assurance that the Panel will grant continued listing or that compliance can be shown before any extension expires.