regulatory
confidence high
sentiment negative
materiality 0.85
Bio-Path receives Nasdaq delisting notice for equity non-compliance; plans appeal
BIO-PATH HOLDINGS, INC.
- Received Nasdaq delisting letter on Sept 12, 2024 for failing to meet $2.5M stockholders' equity requirement.
- Trading suspension set for Sept 23, 2024 unless appeal requested by Sept 19, 2024.
- Company intends to request hearing before Nasdaq Hearings Panel to stay suspension.
- No assurance that appeal will succeed; stock continues trading under BPTH pending Panel decision.