regulatory
confidence high
sentiment negative
materiality 0.85
Protagenic Therapeutics receives Nasdaq delisting notice; stock suspension set for Nov 29
Protagenic Therapeutics, Inc.new
- Failed to meet Nasdaq's minimum $2.5M stockholders' equity requirement by Nov 18, 2024, after extension.
- Nasdaq delist determination letter received Nov 19; trading of PTIX stock to suspend on Nov 29 unless appeal.
- Company may request Nasdaq hearing to stay delisting, but no assurance of regaining compliance.