Nasdaq Reaffirms Delisting Decision for Abpro Holdings, Stock to Move to OTC Pink
Summary
Abpro Holdings has received formal notice of delisting from Nasdaq, following the Listing and Hearing Review Council's reaffirmation of a prior decision. This action stems from the company's failure to meet Nasdaq's minimum stockholders' equity requirement. The company's securities are expected to be removed from Nasdaq and will subsequently trade on the OTC Pink Market under new symbols. This formalizes the delisting risk previously disclosed in the company's 10-K filing on April 15th.
At the time of this announcement, ABPO was trading at $0.21 on OTC in the Life Sciences sector, with a market capitalization of approximately $1.2M. The 52-week trading range was $0.09 to $409.50. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.