Trevena Receives Receipt Of Nasdaq Delisting Notification
Portfolio Pulse from Benzinga Newsdesk
Trevena, Inc. has received a delisting notification from Nasdaq due to non-compliance with the minimum stockholder's equity requirement. The company failed to meet the deadline set by the Nasdaq Hearings Panel.
October 04, 2024 | 8:06 pm
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Trevena, Inc. is set to be delisted from Nasdaq after failing to meet the minimum stockholder's equity requirement. This could lead to a decrease in stock liquidity and investor confidence.
The delisting from Nasdaq is a significant event for Trevena, Inc. as it indicates financial instability and non-compliance with Nasdaq's equity standards. This is likely to negatively impact investor confidence and reduce stock liquidity, leading to a potential decrease in stock price.
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