Aslan Pharmaceuticals (ASLN) has released an update.
ASLAN Pharmaceuticals, a biopharmaceutical company focused on immunology, has been notified by Nasdaq of its securities delisting due to non-compliance with listing requirements. The company, which recently underwent a ratio change of its shares to boost share price, has decided not to appeal the delisting determination. Despite a temporary boost in share price above the required threshold, ASLAN did not meet Nasdaq’s continued listing standards in bid price and stockholders’ equity.
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