Overview

• Windtree said in an SEC filing signed by CEO Jed Latkin that Nasdaq trading is suspended at the open on Aug. 21 and that the company will continue operations and meet reporting obligations.
• Shares sank to roughly $0.11, falling about 77% on the day and nearly 98% over six months, reflecting a severe erosion of market value.
• Nasdaq cited noncompliance with Listing Rule 5550(a)(2), which requires a minimum $1 bid price, following repeated deficiency cycles dating back to 2022.
• The company expects to seek quotation on the OTC market under the WINT ticker, though approval is not guaranteed and such venues typically offer lower liquidity and visibility.
• Windtree’s crypto pivot featured a $60 million BNB purchase agreement with Build and Build Corp. with options up to $200 million and later $520 million in disclosed financing, but analysts warn digital-asset treasury models can face funding strains and a reverse flywheel during downturns.