TransCode Therapeutics Has Regained Compliance with Nasdaq's Continued Listing Requirements
Portfolio Pulse from Benzinga Newsdesk
TransCode Therapeutics, Inc. (NASDAQ:RNAZ) has regained compliance with Nasdaq's continued listing requirements, ensuring its stock remains listed and traded on the Nasdaq Stock Market. The scheduled hearing before the Nasdaq Hearing Panel has been cancelled, but the company remains under a mandatory Nasdaq panel monitor until January 26, 2025.
June 10, 2024 | 11:14 am
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TransCode Therapeutics has regained compliance with Nasdaq's listing requirements, ensuring its stock remains listed and traded on the Nasdaq Stock Market. The scheduled hearing has been cancelled, but the company remains under monitoring until January 2025.
Regaining compliance with Nasdaq's listing requirements is a positive development for TransCode Therapeutics, as it removes the immediate risk of delisting. This should boost investor confidence and potentially lead to a short-term increase in the stock price. However, the ongoing monitoring until January 2025 indicates that the company must continue to meet certain standards, which could introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100