ASLAN Pharmaceuticals Announces Receipt of Nasdaq Delisting Determination For Non-Compliance Of Bid Price And Stockholders' Qquity Requirements
Portfolio Pulse from Benzinga Newsdesk
ASLAN Pharmaceuticals (NASDAQ:ASLN) has received a delisting determination from Nasdaq due to non-compliance with bid price and stockholders' equity requirements. The company has decided not to request a hearing to appeal the decision.
July 15, 2024 | 11:33 am
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ASLAN Pharmaceuticals is set to be delisted from Nasdaq due to non-compliance with bid price and stockholders' equity requirements. The company has opted not to appeal the decision.
The delisting from Nasdaq is a significant negative event for ASLAN Pharmaceuticals, as it indicates financial instability and may lead to reduced investor confidence and liquidity issues. The decision not to appeal further solidifies the negative outlook.
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