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Regulatory

FORD

Forward Industries Inc. has been granted an extension by a Nasdaq panel to meet the Nasdaq's listing requirements. The company now has until July 9, 2024, to comply with the $1.00 bid price rule and the $2.5 million stockholders' equity rule, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:45 pm

AZTR

Azitra, Inc. (NYSE:AZTR), a clinical-stage biopharmaceutical company, announced preclinical data for its ATR-12 candidate for Netherton syndrome, demonstrating superior LEKTI delivery and significant reduction in IL-36g, a pro-inflammatory cytokine. The data will be presented at ASGCT in Baltimore, MD, showcasing the potential of engineered Staphylococcus epidermidis as a protein delivery system for treating skin diseases. Azitra has an open IND for a Phase 1b clinical trial in adult patients with Netherton syndrome.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:40 pm

BKYI

BIO-key International, Inc. has received a notification letter from Nasdaq indicating that the company is not in compliance with Nasdaq's listing requirements. The specific details of the non-compliance were not disclosed in the notification.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:32 pm

VYGR

Voyager Therapeutics announced its plan to present translational data for its intravenous-delivered, central nervous system (CNS) gene therapy programs, which are advancing toward clinical trials, at the ASGCT 27th Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:31 pm

BLD

TopBuild Corp. (NYSE:BLD) and Specialty Products and Insulation mutually terminated their acquisition agreement, initially announced on July 27, 2023. TopBuild, a leader in the insulation and building material distribution in the US and Canada, cited the inability to agree on terms that would likely receive regulatory approval as the reason for termination. The company paid a $23 million termination fee but remains committed to growth through acquisitions, leveraging its strong free cash flow in a market worth over $18 billion.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:29 pm

LASE

Laser Photonics Corporation (LASE) received a notice from Nasdaq on April 17, 2024, for not filing its 2023 Form 10-K, violating Nasdaq's Listing Rules. The company regained compliance by filing the required document on April 18, 2024, and Nasdaq confirmed the resolution of the issue on April 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:25 pm

NUWE

Nuwellis shares are trading higher following the receipt of a notice of allowance for its U.S. patent application titled 'Venous Blood Flow Stimulator For Extracorporeal Therapy'.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:23 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) received a deficiency notification from Nasdaq for not filing its Form 10-K for the year ended December 31, 2023, on time. The notice does not immediately affect its Nasdaq listing. Momentus has 60 days to file the Form 10-K or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 days to regain compliance. Failure to comply may lead to delisting, but Momentus intends to file the Form 10-K as soon as possible.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:13 pm

ABEO

Abeona Therapeutics announced that a recent letter they received did not identify any deficiencies related to clinical efficacy or clinical safety data in their Biologics License Application (BLA).

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:12 pm

PHYT

Pyrophyte Acquisition Corp. (PHYT) has received a notice from the NYSE for not filing its Form 10-K on time. This notice is a standard procedure for companies that fail to meet the SEC's filing deadlines. PHYT is required to submit a plan to regain compliance within six months to avoid potential delisting. The company's stock may face volatility as investors react to the news of the delayed filing and the risk of delisting.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:10 pm