Why CohBar (CWBR) Stock Is Down Nearly 50% Today
Portfolio Pulse from Henry Khederian
CohBar Inc's (NASDAQ:CWBR) stock price has fallen by 47% after the company received guidance from Nasdaq that its merger agreement with Morphogenesis, Inc would not be approved. Following this, CohBar decided to liquidate and dissolve itself. The company had around $9.1 million in cash, cash equivalents and investments, and approximately $1.5 million in accrued liabilities as of September 30, 2023.
November 01, 2023 | 6:23 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CohBar's stock price has dropped significantly due to the disapproval of its merger with Morphogenesis by Nasdaq. The company's decision to liquidate and dissolve itself could further impact the stock price.
The disapproval of the merger by Nasdaq has led to a significant drop in CohBar's stock price. The company's decision to liquidate and dissolve itself indicates a lack of future operations, which could lead to further decreases in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100