Infinity Pharmaceuticals Received A Delisting Determination Letter From Nasdaq Stating That The Company's Stock Will Be Suspended On September 14, Unless It Requests A Review Of This Decision
Portfolio Pulse from Benzinga Newsdesk
Infinity Pharmaceuticals has received a delisting determination letter from Nasdaq. The company's stock will be suspended on September 14, unless it requests a review of this decision. However, the company does not plan to request a review.

September 13, 2023 | 12:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Infinity Pharmaceuticals' stock will be delisted from Nasdaq on September 14. The company has decided not to request a review of the decision.
Delisting from a major exchange like Nasdaq is a significant negative event for a company. It often leads to a decrease in the stock's liquidity and can negatively impact its price. The fact that Infinity Pharmaceuticals is not planning to request a review of the decision suggests that it may not have the means or the strategy to meet Nasdaq's listing requirements.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100