Silexion Therapeutics Corp. Faces Potential Nasdaq Delisting Due to Non-Compliance with Market Value Standards

Reuters
05-24
<a href="https://laohu8.com/S/SLXN">Silexion Therapeutics Corp</a>. Faces Potential Nasdaq Delisting Due to Non-Compliance with Market Value Standards

Silexion Therapeutics Corp, a Cayman Islands-based company, announced on May 22, 2025, that it received a delisting notice from the Nasdaq Listing Qualifications Department. The notice pertains to the company's failure to comply with Nasdaq Listing Rules 5450(b)(2)$(A)$ and 5450(b)(2)$(C)$, which require maintaining a minimum Market Value of Listed Securities of $50 million and a Market Value of Publicly Held Shares of $15 million. Despite a 180-day compliance period ending May 19, 2025, Silexion was unable to rectify these deficiencies. The company plans to appeal the decision before the Nasdaq Hearings Panel by May 29, 2025. If the appeal is unsuccessful, trading of its shares and warrants will be suspended on June 2, 2025, and a Form 25-NSE will be filed with the SEC to remove its securities from Nasdaq listing. Additionally, Silexion intends to apply for a transfer to the Nasdaq Capital Market, contingent upon meeting the required Equity Standard.

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. Silexion Therapeutics Corp. 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: 0001178913-25-001941), on May 23, 2025, and is solely responsible for the information contained therein.

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