LianBio Reports Voluntarily Delisting From Nasdaq;
Portfolio Pulse from Benzinga Newsdesk
LianBio has announced its intention to voluntarily delist from Nasdaq and deregister its ordinary shares and ADSs, following a strategic review by the Board. The company expects to file a Form 25 with the SEC and Nasdaq around March 11, 2024, as part of winding down its operations.
February 28, 2024 | 12:13 pm
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LianBio is voluntarily delisting from Nasdaq and deregistering its shares, indicating a wind down of operations following a strategic review.
The decision to voluntarily delist and deregister indicates significant operational and financial changes for LianBio. This move, typically seen as negative by the market, could lead to a decrease in investor confidence and a potential drop in the stock's value in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100