Liminatus Pharma Receives Delisting Notice from Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Liminatus Pharma announced that the company received a delisting notice from The Nasdaq Stock Market. On May 20, the company received a notice from Nasdaq stating that the company had not regained compliance with the MVLS Rule and the MVPHS Rule. Accordingly, its securities will be delisted from The Nasdaq Global Market. Unless the company requests an appeal of the determination before the Nasdaq Hearings Panel by May 27, trading of the company's common stock and warrants will be suspended at the opening of business on May 29, and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on Nasdaq. The company intends to timely request an appeal before the Panel. The hearing request will result in a stay of any suspension or delisting action pending the hearing.
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About LIMN
Liminatus Pharma, Inc. is a pre-clinical-stage biopharmaceutical company developing novel, immune-modulating cancer therapies. The Company is engaged in the development of a second generation CD47 blockade antibody designed to prevent the induction of severe anemia and thrombocytopenia observed with first generation CD47 blockades. The Company’s candidate, IBA101, is a humanized anti-CD47 monoclonal antibody. The CD47 checkpoint inhibitor’s initial indication is expected to be patients with advanced solid cancers, including non-small cell lung cancer. IBA101 is a humanized anti-human CD47 monoclonal antibody with a human IgG4 Fc, designed to preferentially bind nucleated cells, such as immune and tumor cells, while sparing anucleate cells like red blood cells and platelets. IBA101 promotes macrophage-mediated phagocytosis of tumor cells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Liminatus Pharma Receives Nasdaq Delisting Notice
- Delisting Notice: Liminatus Pharma received a delisting notice from Nasdaq on May 20, 2026, indicating the company has failed to regain compliance with Nasdaq's continued listing rules, which could lead to termination of its stock trading on Nasdaq.
- Compliance Issues: The company was previously notified of its non-compliance with Nasdaq's market value requirements of $50 million for listed securities and $15 million for publicly held shares, which directly impacts its credibility in the capital markets.
- Appeal Plans: Liminatus Pharma intends to appeal to the relevant panel in an effort to regain its listing status, a move that may influence investor confidence and the company's future financing capabilities.
- Financial Health Concerns: The delisting notice raises market concerns about Liminatus Pharma's financial health, potentially leading to stock price volatility and affecting its competitive position in the biopharmaceutical industry.
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- Delisting Notice: Liminatus Pharma received a delisting notice from Nasdaq on May 20, 2026, indicating the company has failed to regain compliance with Nasdaq's continued listing rules, which could lead to termination of its stock trading on Nasdaq.
- Compliance Issues: The company was previously notified of its non-compliance with Nasdaq's market value requirements of $50 million for listed securities and $15 million for publicly held shares, which directly impacts its credibility in the capital markets.
- Appeal Plans: Liminatus Pharma intends to appeal to the relevant panel in an effort to regain its listing status, a move that may influence investor confidence and the company's future financing capabilities.
- Financial Health Concerns: The delisting notice raises market concerns about Liminatus Pharma's financial health, potentially leading to stock price volatility and affecting its competitive position in the biopharmaceutical industry.
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- Stock Price Surge: Etsy's shares jumped 15.5% to $50.86 in pre-market trading, reflecting a positive market reaction to the deal and increasing investor confidence in the company's future growth potential.
- Market Consolidation Trend: This transaction signifies further consolidation in the e-commerce sector, as eBay's acquisition of Depop will expand its influence in the fashion market, while Etsy can focus on its core business to improve operational efficiency.
- Strategic Focus Shift: By selling Depop, Etsy can reallocate resources to concentrate on growth within its primary platform, with expectations to drive long-term profitability through optimizing product lines and enhancing user experience.
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- Company Highlights: Medtronic PLC (NYSE:MDT) reported an adjusted EPS of $1.36 for Q3, exceeding market expectations of $1.33, with quarterly sales of $9.017 billion surpassing the $8.905 billion forecast, showcasing the company's strong earnings capability.
- Sector Dynamics: Financial shares gained 0.9%, while materials stocks fell by 2%, reflecting a divergence in market performance as investors may be seeking more defensive investment opportunities amidst volatility.
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- Quarterly Growth Outlook: Credo also expects mid-single-digit sequential revenue growth to round out the year, suggesting continued strong performance in the coming months, which enhances investor confidence.
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