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MiNK Therapeutics Regains Compliance with Nasdaq Capital Market Requirement

Key Takeaway: MiNK Therapeutics, Inc. has announced that it has regained compliance with the Nasdaq Capital Market's market value of listed securities requirement. The confirmation from NASDAQ was received on July 23, 2024, indicating that the company now meets the necessary criteria for continued listing. This news reflects positively on MiNK's operational status and market standing.

Market Sentiment Analysis

POSITIVE FACTORS

  • MiNK Therapeutics has regained compliance with Nasdaq requirements.
  • The company satisfies the market value of listed securities criteria.
  • This development ensures continued listing on the NASDAQ Capital Market.

Full Press Release Details

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- MiNK Therapeutics, Inc. (NASDAQ: INKT), a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic, off-the-shelf, invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases, announced today that it has regained compliance with the Nasdaq Capital Market’s market value of listed securities (“MVLS”) requirement.
On July 23, 2024, MiNK received notice from NASDAQ confirming that the Company has satisfied the MVLS requirement as set forth in Nasdaq Listing Rule 5550(b)(2). Accordingly, the Company now satisfies the MVLS requirement for continued listing on the NASDAQ Capital Market and the matter is now closed.
About MiNK Therapeutics
MiNK Therapeutics is a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases. MiNK is advancing a pipeline of both native and next generation engineered iNKT programs, with a platform designed to facilitate scalable and reproducible manufacturing for off-the-shelf delivery. The company is headquartered in New York, NY. For more information, visit https://minktherapeutics.com/ or @MiNK_iNKT. Information that may be important to investors will be routinely posted on our website and social media channels.

Frequently Asked Questions

What is MiNK Therapeutics known for?

MiNK Therapeutics specializes in developing allogeneic iNKT cell therapies for cancer and immune diseases.

When did MiNK regain compliance with Nasdaq requirements?

MiNK regained compliance with Nasdaq on July 23, 2024.

What does MVLS stand for?

MVLS stands for market value of listed securities.

Where is MiNK Therapeutics headquartered?

MiNK Therapeutics is headquartered in New York, NY.

What type of therapies does MiNK develop?

MiNK develops allogeneic invariant natural killer T cell therapies.

Last updated: Jul 31, 2024