Accelerate Diagnostics Inc. Faces Delisting from Nasdaq Following Bankruptcy Filing and Compliance Failures

Reuters
2025.05.12 20:17
portai
I'm PortAI, I can summarize articles.

Accelerate Diagnostics Inc. is facing delisting from the Nasdaq Stock Market following its voluntary Chapter 11 bankruptcy filing on May 8, 2025. The company received a delisting notice due to public interest concerns and failure to meet minimum bid price and market value requirements. Its stock, consistently below $1.00 per share, will be suspended from trading on May 15, 2025, and is expected to transition to the over-the-counter market as "AXDXQ," though trading is not guaranteed. The company will not appeal the delisting decision.