Therapix Biosciences Announces Receipt of Notice of Delisting From Nasdaq and Intention to Appeal
THERAPIX BIOSCIENCES LTD AMERICAN DEPOSITARY SHARE (TRPX)
US:NASDAQ Investor Relations:
nasdaq.com/symbol/trpx
Company Research
Source: PR Newswire
TEL AVIV, Israel, Nov. 20, 2019 /PRNewswire/ -- Therapix Biosciences Ltd. ("Therapix" or the "Company") (Nasdaq: TRPX), a specialty, clinical-stage pharmaceutical company focusing on the development of cannabinoid-based treatments, announced today that it received a written Notice of Delisting from the Listing Qualifications Department of The Nasdaq Capital Market ("Nasdaq"). The Company intends to appeal this decision by requesting a hearing before a Nasdaq Hearings Panel to review Nasdaq's decision to delist the Company. A hearing request by the Company automatically stays the delisting of the Company's securities pending issuance of the Panel's decision. As previously disclosed, on May 23, 2019, the Company was advised that it no longer complied with the minimum $2,500,000 stockholders' equity requirement for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement"). On July 5, 2019, the Company submitted to Nasdaq a pl
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