Polyrizon Ltd. announced that it has received a notification letter from the Nasdaq Stock Market LLC's Listing Qualifications Department. Nasdaq staff determined to delist the company’s securities under Listing Rule 5101, exercising discretionary authority.
The delisting determination was based on concerns that the issuance of securities in the private placement dated March 31, 2025, particularly the Series A warrants exercisable on an alternate cashless basis, resulted in substantial dilution for shareholders. Nasdaq staff concluded this raised public interest concerns.
The receipt of this letter does not result in immediate delisting, and Polyrizon's ordinary shares continue to trade on the Nasdaq Capital Market. The company intends to timely request a hearing before a Nasdaq Hearings Panel, which will automatically stay any suspension or delisting action pending the hearing and any potential extension period.
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