Nasdaq Moves to Delist Lyra Therapeutics Over Public Shell Status and Equity Shortfall

Reuters
Feb 07
Nasdaq Moves to Delist <a href="https://laohu8.com/S/LYRA">Lyra Therapeutics</a> Over Public Shell Status and Equity Shortfall

Lyra Therapeutics Inc. is facing a potential delisting from the Nasdaq Stock Market after receiving a notice from Nasdaq’s Listing Qualifications Department. The notice cited the company’s status as a “public shell” following the suspension of its lead product candidate LYR-210 and a workforce reduction that left nearly all employees, including top executives, converted to consultants. Nasdaq determined the company no longer has an operating business and failed to meet the minimum $2.5 million stockholders’ equity requirement. Lyra Therapeutics has requested a hearing to appeal the decision, but there is no assurance that its request for continued listing will be granted.

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. Lyra Therapeutics 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: 0001193125-26-041191), on February 06, 2026, and is solely responsible for the information contained therein.

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