Cingulate Said Received Notice From Nasdaq On December 26, 2023, Indicating Non-compliance With Its Independent Director And Committee Requirements Due To The Resignation Of Three Board Members
Portfolio Pulse from Charles Gross
Cingulate Inc. received a notice from Nasdaq on December 26, 2023, for non-compliance with its independent director and committee requirements following the resignation of three board members.
December 28, 2023 | 11:35 am
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Cingulate Inc. is at risk of Nasdaq delisting due to non-compliance with governance standards after the resignation of three board members.
The resignation of three board members has led to Cingulate Inc. not meeting Nasdaq's independent director and committee requirements. This non-compliance notice is a serious governance issue that could lead to delisting if not remedied promptly. Investors may view this as a negative development, potentially impacting the stock's short-term performance negatively.
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