On June 21, GlycoMimetics Got Notice From Nasdaq, Co Is Not In Compliance With Nasdaq's Listing Rule 5450(a)(1)
Portfolio Pulse from Benzinga Newsdesk
On June 21, GlycoMimetics received a notice from Nasdaq indicating that the company is not in compliance with Nasdaq's Listing Rule 5450(a)(1).
June 26, 2024 | 8:35 pm
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GlycoMimetics received a notice from Nasdaq for non-compliance with Listing Rule 5450(a)(1). This could lead to potential delisting if not addressed.
The notice from Nasdaq indicates a serious regulatory issue that could lead to delisting if not resolved. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100