Sonnet Biotherapeutics Secures Compliance with Nasdaq's Equity Rule, Avoids Immediate Delisting Risk

Reuters

Jul 26

Sonnet Biotherapeutics Secures Compliance with Nasdaq's Equity Rule, Avoids Immediate Delisting Risk

Sonnet Biotherapeutics Holdings Inc. recently addressed a potential delisting issue from The Nasdaq Stock Market due to not meeting the minimum stockholders' equity requirement. On July 23, 2025, the company received a letter from Nasdaq confirming that it currently complies with the equity requirement. However, Nasdaq will continue to monitor the company's compliance, and if it fails to meet the requirement in its next periodic report, it may face delisting. In such a case, the company will have the opportunity to appeal Nasdaq's decision to a Hearings Panel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonnet Biotherapeutics Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-021007), on July 25, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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