CohBar Says On Oct 31, Board Determined There Was Not Viable Path Forward To Consummate Merger Primarily Due To Oral Guidance Received From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
CohBar's board has determined that there is no viable path forward to consummate a merger, primarily due to oral guidance received from Nasdaq, according to an SEC 8K filing.
November 01, 2023 | 1:13 pm
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CohBar's plans for a merger have been halted due to guidance from Nasdaq. This could potentially impact the company's future growth and stock price.
The halt of a merger can have significant implications for a company's future growth and expansion plans. This could potentially lead to a decrease in investor confidence and a subsequent drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100