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The First BNB Reserve Company WINT Delists, Does the 'Coin-Holding Strategy' Fail?
Original title: (BNB Reserve Listed Company WINT Delists, Does the 'Coin-Holding Strategy' Fail to Cure All Ills?)
Original author: Wenser, Odaily Planet Daily
Nobody expected that the 'coin-holding strategy,' which has always been revered by listed companies, would 'fail' for the first time—according to SEC documents, the US-listed BNB treasury company Windtree Therapeutics (WINT) received a notice on August 19 that its stock price had remained below $1 for too long. After multiple reverse splits and not meeting the usual grace period, its common stock will be delisted from the Nasdaq capital market and transferred to the OTC market for trading on August 21.
Original author: Wenser, Odaily Planet Daily
Nobody expected that the 'coin-holding strategy,' which has always been revered by listed companies, would 'fail' for the first time—according to SEC documents, the US-listed BNB treasury company Windtree Therapeutics (WINT) received a notice on August 19 that its stock price had remained below $1 for too long. After multiple reverse splits and not meeting the usual grace period, its common stock will be delisted from the Nasdaq capital market and transferred to the OTC market for trading on August 21.
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