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Stock impact report

Shuttle Pharma Receives Notice of Nasdaq Non-Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]

Shuttle Pharmaceuticals Holdings, Inc. (SHPH) 
Company Research Source: Yahoo! Finance
discovery and development stage specialty pharmaceutical company focused on improving outcomes for cancer patients treated with radiation therapy (RT), today reports that it received formal notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the “Q2 Quarterly Report”). The Company's non-compliance with the Listing Rule resulted from the Company's re-audit of its financial statements for the year ended December 31, 2022, which, as previously disclosed, arose following the SEC's imposition of sanctions against B.F. Borgers CPA, PC, the Company's auditor for the 2022 fiscal year. Following the SEC sanctions, the Company's current auditor, Forvis Mazars, LLP (“Forvis”), began the process of re-auditing the Company's 2022 financial statements and the Company is now prep Show less Read more
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