Adynxx Stock to Move to OTC Market Following Receipt of Nasdaq Delisting Notice
ADYNXX INC (ADYX)
Company Research
Source: GlobeNewswire
SAN FRANCISCO, June 12, 2019 (GLOBE NEWSWIRE) -- Adynxx, Inc. (Nasdaq: ADYX), a clinical-stage biopharmaceutical company leading the development of transcription factor decoy technology and first-in-class therapeutics for the treatment of pain and inflammatory diseases, today announced that it has received written notification from The Nasdaq Stock Market affirming the delisting of the company's shares from The Nasdaq Capital Market due to noncompliance with the minimum round lot stockholders and the minimum stockholders’ equity requirement for an initial listing. The notification indicates that Nasdaq will complete the delisting process by filing a Form 25 “Notification of Delisting” with the SEC after all applicable Nasdaq review and appeal periods have lapsed. In accordance with Nasdaq’s Listing Rules, Adynxx has 15 days to decide whether to appeal the delisting determination, and the company is considering an appeal of the determination. Any such appeal would not stay the suspe
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