regulatory
confidence high
sentiment negative
materiality 0.35
Foghorn Therapeutics Inc. (FHTX): Nasdaq/NYSE listing notice — Foghorn Therapeutics receives Nasdaq non-compliance notice over audit committee composition
Foghorn Therapeutics Inc.
- Nasdaq notified Foghorn on Jan 23, 2025 that its audit committee has only two members, violating Listing Rule 5605.
- Vacancy follows resignation of director Adam M. Koppel from board and audit committee effective Dec 29, 2024.
- Cure period runs until earlier of next annual meeting or Dec 29, 2025; if meeting before June 27, 2025, then by June 27, 2025.
- Board intends to appoint a new independent director to fill the audit committee vacancy within the cure period.