Biocept Says Antonino Morales Tendered His Resignation As Company's President And Chief Executive Officer Effective On October 13, 2023; Assets Of Company Will Be Liquidated And Any Claims Paid In Accordance With Code
Portfolio Pulse from Benzinga Newsdesk
Biocept's President and CEO, Antonino Morales, has tendered his resignation effective October 13, 2023, according to an SEC filing. The company's assets will be liquidated and any claims paid in accordance with the code.
October 16, 2023 | 1:00 pm
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Biocept's CEO resignation and asset liquidation could potentially impact the company's stock negatively in the short term.
CEO resignations often lead to uncertainty about a company's future direction, which can negatively impact stock prices. Additionally, asset liquidation could indicate financial distress, which is typically a negative signal to investors.
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