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home / news releases / SESN - Sesen Bio receives Nasdaq delisting notice

SESN - Sesen Bio receives Nasdaq delisting notice

Sesen Bio Inc.

  • Sesen Bio ( NASDAQ: SESN ) has received a Nasdaq delisting notice as its share price has fallen below $1.
  • The company said that the notice emphasized the need for its planned merger with Carisma Therapeutics. Otherwise, it faces deregistration of its stock and a court-managed dissolution and liquidation.
  • Sesen ( SESN ) said that a liquidation "would be time consuming and expensive and would ultimately provide less value to Sesen Bio stockholders ."
  • Sesen's ( SESN ) management has been in a battle with activist shareholders who are opposed to the merger .

For further details see:

Sesen Bio receives Nasdaq delisting notice
Stock Information
Company Name: Sesen Bio Inc.
Stock Symbol: SESN
Market: NASDAQ
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