Theratechnologies intends to voluntarily de-list from NASDAQ
Another one for the pinkies.
The voluntary decision to delist from NASDAQ was taken following the board's detailed review of numerous factors including: the aforementioned NASDAQ letter, the applicable NASDAQ rules and regulations, the benefits generated by the maintenance of the listing, the current company's share price, the obligation to proceed with a reverse stock-split to maintain the listing, the effect on the company's share price and shareholdings to proceed with a reverse stock split and the fact that the company's common shares will continue trading on the Toronto Stock Exchange under the symbol "TH". Based on the foregoing factors, the company no longer sees sufficient value in maintaining its listing on NASDAQ.
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