Overview

• Windtree disclosed the delisting notice in an SEC filing signed by CEO Jed Latkin, who said operations and reporting will continue.
• Nasdaq cited noncompliance with Listing Rule 5550(a)(2), which requires a minimum $1 bid price for continued listing.
• Trading in WINT is set to be suspended at the market open on Aug. 21 following weeks of steep declines.
• Shares fell to about $0.11, with losses exceeding 90% over the past month and more than 99% year to date, according to market data.
• The company applied to have its stock quoted on the OTC Markets’ OTCID tier, a move that is not guaranteed and could hinder fundraising tied to its planned BNB purchases and financing agreements.