Alaunos Therapeutics Inc. Faces Nasdaq Noncompliance Due to Audit Committee Vacancy Following Board Member Resignation

Reuters07-03

<a href="https://laohu8.com/S/TCRT">Alaunos Therapeutics</a> Inc. Faces Nasdaq Noncompliance Due to Audit Committee Vacancy Following Board Member Resignation

Alaunos Therapeutics Inc. has announced a regulatory compliance issue following the voluntary resignation of Mr. Weis from his roles as chairman of the Audit Committee and member of the Compensation Committee. This resignation has resulted in the company's noncompliance with Nasdaq Listing Rule 5605(c), which mandates that the audit committee must consist of at least three independent directors. The company has informed Nasdaq of this material noncompliance and intends to utilize a 180-day grace period, effective from July 2, 2025, to appoint a new member to the Audit Committee and restore compliance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alaunos Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-093263), on July 02, 2025, and is solely responsible for the information contained therein.

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Faces Nasdaq Noncompliance Due to Audit Committee Vacancy Following Board Member Resignation\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Alaunos <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc. has announced a regulatory compliance issue following the voluntary resignation of Mr. Weis from his roles as chairman of the Audit Committee and member of the Compensation Committee. This resignation has resulted in the company's noncompliance with Nasdaq Listing Rule 5605(c), which mandates that the audit committee must consist of at least three independent directors. 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Faces Nasdaq Noncompliance Due to Audit Committee Vacancy Following Board Member Resignation\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Alaunos <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> Inc. has announced a regulatory compliance issue following the voluntary resignation of Mr. Weis from his roles as chairman of the Audit Committee and member of the Compensation Committee. This resignation has resulted in the company's noncompliance with Nasdaq Listing Rule 5605(c), which mandates that the audit committee must consist of at least three independent directors. 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