Altamira Therapeutics Regains Compliance with Nasdaq Minimum Stockholders' Equity Requirement [Yahoo! Finance]
Altamira Therapeutics Ltd. - Common Shares (CYTO)
Company Research
Source: Yahoo! Finance
HAMILTON, BERMUDA, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Altamira Therapeutics Ltd. ("Altamira" or the "Company") (Nasdaq: CYTO), a company dedicated to developing therapeutics that address important unmet medical needs, today announced that it recently received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”), informing the Company that it has regained compliance with the minimum stockholders' equity requirement as set forth under Nasdaq Listing Rule 5550(b)(1) for continued listing on Nasdaq. The Company had boosted its equity position through a public offering of common shares in July, the partial amortization of convertible debt granted by FiveT Investment Management as well as, most recently, the partial spin-off of its Bentrio® activities. The Bentrio transaction involved the spin-off of a 51% stake in its subsidiary Altamira Medica AG (“Medica”), as a strategic move to reposition Altamira Therapeutics as an RNA delivery techn
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