🔴One of the companies with BNB reserves has been delisted from the stock exchange.

👽Biotechnology company Windtree Therapeutics (WINT) was delisted from Nasdaq after failing to maintain a minimum bid price of $1 as required by the listing rule.

ℹ️This rule requires companies to maintain a minimum closing price of more than $1.

👀Windtree was unable to keep its stock price above this one-dollar threshold, as WINT had been trading below this price since July 24. This led Nasdaq to ultimately halt trading, effectively removing the company from its exchange.

👀Now the situation looks even more dire, as a result of the delisting, the stock price dropped from $0.48 to $0.11 at market close.

🧐Overall, Windtree's shares fell by more than 70% in just one day due to the delisting.

🟡Windtree Therapeutics entered into a securities purchase agreement worth $60 million with Build and Build Corp three weeks ago, with the possibility of subsequent subscriptions totaling up to $140 million. But it is still unclear whether the company has any direct relation to BNB at this time.

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