By Stephen Nakrosis
Panbela Therapeutics, whose shares were recently delisted from the Nasdaq, said Thursday it will seek to list on the US Equity Listings Tier II Chicago Board of Options Exchange.
The stock, which began trading over the counter April 17 under the symbol PBLA, would trade under the same symbol on the CBOE, the company said.
The company filed for a stock and warrant offering, but said the offering wouldn't be consummated unless its common stock is approved for listing on the CBOE.
In March, a Nasdaq hearings panel said it decided to delist Panbela's common stock because the company didn't satisfy a minimum $2.5 million stockholders' equity requirement, Panbela said.
The company said it is developing disruptive therapeutics to treat patients with urgent unmet medical needs. Its pipeline consists of assets focusing on treatment of familial adenomatous polyposis and various cancers.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 18, 2024 17:23 ET (21:23 GMT)
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