Cidara Therapeutics (NASDAQ: CDTX) common stock set to be delisted from Nasdaq
Rhea-AI Filing Summary
Cidara Therapeutics, Inc. is being removed from listing and registration on the Nasdaq Stock Market LLC for its common stock. Nasdaq certifies that it has followed its own rules under 17 CFR 240.12d2-2(b) to strike this class of securities from listing and/or withdraw its registration. The filing also notes that Cidara has complied with the exchange’s rules and the requirements of 17 CFR 240.12d2-2(c) for voluntary withdrawal of the common stock from listing and registration.
Positive
- None.
Negative
- Cidara Therapeutics’ common stock is being removed from listing and registration on Nasdaq under 17 CFR 240.12d2-2, indicating a formal delisting from a national exchange.
Insights
Cidara’s common stock is being delisted from Nasdaq under Exchange Act rules.
The notification states that Cidara Therapeutics’ common stock will be removed from listing and registration on the Nasdaq Stock Market. Nasdaq indicates it has met the conditions of
The text also states that Cidara has complied with Nasdaq’s rules and
For investors, a move off a national securities exchange typically affects trading visibility and may influence how some institutions can hold or trade the shares. Subsequent disclosures in company communications or future filings would be the place to look for any replacement listing venue or alternative trading arrangements.