Eariler: AHI Received Delisting Notification From Nasdaq For Equity Deficiency, Plans To Appeal And Address $1.15M Shortfall With Oakley Capital's $1.96M Placement And US Shelf Offering
Portfolio Pulse from Charles Gross
Armata Pharmaceuticals, Inc. (AHI) received a delisting notification from Nasdaq due to an equity deficiency. The company plans to appeal the decision and address the $1.15 million shortfall with a $1.96 million placement from Oakley Capital and a US shelf offering.

May 10, 2024 | 10:11 am
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AHI received a delisting notice from Nasdaq due to equity deficiency but plans to resolve the issue with funding from Oakley Capital and a shelf offering.
The news of receiving a delisting notification usually has a negative impact on a company's stock price due to the uncertainty and potential loss of investor confidence it generates. However, AHI's proactive measures to address the equity deficiency with a significant placement from Oakley Capital and a planned US shelf offering could mitigate these concerns and potentially have a positive short-term impact on its stock price. The company's plan to appeal the delisting notification also shows its commitment to maintaining its Nasdaq listing, which could further reassure investors.
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