Nasdaq to delist BNB token treasury company Windtree Therapeutics for noncompliance
Quick Take Nasdaq plans to delist BNB treasury company Windtree Therapeutics (WINT) for failing to meet compliance requirements.
Nasdaq plans to delist BNB treasury company Windtree Therapeutics (ticker WINT) for failing to meet compliance requirements.
The firm appears to have confirmed the exchange’s concerns in a U.S. Securities and Exchange Commission filing on Wednesday, which shows the firm is noncompliant with Nasdaq Listing Rule 5550(a)(2) that requires a company’s stock to maintain a minimum bid price of $1.00 per share.
“On August 19, 2025, Windtree Therapeutics Inc. (the “Company”) was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that as a result of the Company’s previously disclosed noncompliance with Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined to delist the Company’s common stock from the Nasdaq Capital Market and, accordingly, will suspend trading in the Company’s common stock effective at the open of trading on August 21, 2025,” Windtree CEO Jed Latkin wrote in the SEC filing.
According to Yahoo Finance, Windtree’s stock has lost over 90% in one month and more than 99% this year. Shares dropped more than 76% before market close to $0.11. WINT first fell below $1 in May and has not consistently risen above that level. In July, Nasdaq moved to delist bitcoin miner Argo (ARGO) for also failing to keep its stock above the $1 threshold.
The suspension will begin at the next market session beginning Aug. 21; however, Latkin has said the firm will continue its reporting obligations despite the market downgrade.
Windtree is one among a number of so-called digital asset treasury (DATs) companies that raise capital to invest in various cryptocurrencies. In July, the Nasdaq‑listed biotech firm said it signed a $500 million equity line of credit with an unnamed institutional investor and a separate $20 million stock‑purchase pact with Build and Build Corp to purchase BNB tokens — making it one of the first, if not the first, U.S. public companies to invest heavily in BNB Chain’s native token.
It is unclear why Windtree in particular has seen such a massive pullback. Despite early enthusiasm for crypto treasury plays, cracks are beginning to show . For instance, Sharplink, one of the largest Ethereum treasury firms, saw its stock crumble after reporting second-quarter earnings.
BNB is up nearly 5% on the day, trading hands at $877, and up from $708 since the start of the year, according to The Block’s price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
