MiNK Therapeutics Regains Full Compliance with Nasdaq Listing Requirements
Rhea-AI Summary
MiNK Therapeutics (NASDAQ: INKT) has announced its return to full compliance with Nasdaq Capital Market listing requirements. The company has successfully met both the minimum bid price and market value requirements for continued listing, resolving previous compliance issues.
MiNK Therapeutics is a clinical-stage biopharmaceutical company focused on developing allogeneic invariant natural killer T (iNKT) cell therapies for cancer and immune-mediated diseases. The company maintains a pipeline of native and next-generation engineered iNKT programs, with a platform designed for scalable and reproducible manufacturing for off-the-shelf delivery.
Positive
- Regained full Nasdaq listing compliance, eliminating delisting risk
- Meets both minimum bid price and market value requirements
Negative
- None.
News Market Reaction
On the day this news was published, INKT gained 3.87%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- MiNK Therapeutics, Inc. (NASDAQ: INKT), a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic, off-the-shelf invariant natural killer T (iNKT) cell therapies for cancer and other immune-mediated diseases, today announced that it has received formal notice from Nasdaq confirming that the Company has regained compliance with both the minimum bid price and market value of listed securities requirements for continued listing on The Nasdaq Capital Market. As a result, MiNK now meets all Nasdaq Capital Market listing requirements, and the matter has been closed.
About MiNK Therapeutics
MiNK Therapeutics is a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases. MiNK is advancing a pipeline of both native and next generation engineered iNKT programs, with a platform designed to facilitate scalable and reproducible manufacturing for off-the-shelf delivery. The company is headquartered in New York, NY. For more information, visit https://minktherapeutics.com/ or @MiNK_iNKT. Information that may be important to investors will be routinely posted on our website and social media channels.
Forward Looking Statements
This press release contains forward-looking statements pursuant to the safe harbor provisions of the federal securities laws, including statements regarding the potential and expected benefits of iNKT cell therapies, as well as plans, timelines, and goals for current and future programs. Forward-looking statements are subject to various risks and uncertainties, including those described under “Risk Factors” in the most recent Form 10-K, Form 10-Q, and the S-1 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. MiNK undertakes no obligation to update or revise forward-looking statements except as required by law, and all such statements are expressly qualified by this cautionary statement.
Investor Contact
investor@minktherapeutics.com
Media Contact
communications@minktherapeutics.com
FAQ
What Nasdaq compliance requirements did MiNK Therapeutics (INKT) regain in February 2024?
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