Azitra Inc. Receives NYSE American Non-Compliance Notice Over Stockholders’ Equity Requirements

Reuters10-04
<a href="https://laohu8.com/S/AZTR">Azitra Inc</a>. Receives NYSE American Non-Compliance Notice Over Stockholders' Equity Requirements

Azitra Inc. (NYSE American: AZTR), a clinical-stage biopharmaceutical company specializing in precision dermatology, announced that it has received a notice of non-compliance from the NYSE American stock exchange. The notice states that Azitra does not meet the continued listing requirement of maintaining at least $4 million in stockholders' equity, as outlined in Section 1003(a)(ii) of the NYSE American Company Guide, due to reported net losses in three of its last four fiscal years. Azitra has until October 31, 2025, to submit a plan to the exchange outlining steps to regain compliance by April 1, 2027. The notice does not immediately affect the trading or listing of Azitra's shares, nor its business operations or SEC reporting requirements. Azitra is currently exploring multiple funding options to address the issue.

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