Allarity Therapeutics Launches Comprehensive Effort to Combat Potential Illegal Naked Short Selling of Its Shares
Allarity Therapeutics (NASDAQ: ALLR) has announced a strategic partnership with Shareholder Intelligence Services (ShareIntel) to investigate potential illegal naked short selling and trading irregularities in its stock. The initiative aims to protect shareholder value and ensure transparent trading practices.
ShareIntel will employ its proprietary DRIL-Down™ technology to analyze trading patterns, monitor potential abuses, and detect unusual short-selling activities. The platform will track data from broker-dealers, clearing firms, and reporting entities to identify possible market manipulation.
The company, currently in Phase 2 clinical trials developing stenoparib (a dual PARP/Wnt pathway inhibitor), will specifically monitor compliance with SEC's Regulation SHO regarding short-selling practices. If violations are detected, Allarity plans to pursue legal action against responsible parties.
Allarity Therapeutics (NASDAQ: ALLR) ha annunciato una partnership strategica con Shareholder Intelligence Services (ShareIntel) per indagare su potenziali vendite allo scoperto illegali e irregolarità nel trading delle sue azioni. L'iniziativa mira a proteggere il valore per gli azionisti e garantire pratiche di trading trasparenti.
ShareIntel utilizzerà la sua tecnologia proprietaria DRIL-Down™ per analizzare i modelli di trading, monitorare potenziali abusi e rilevare attività di vendita allo scoperto insolite. La piattaforma traccerà i dati provenienti da broker-dealer, società di compensazione e entità di reporting per identificare possibili manipolazioni di mercato.
L'azienda, attualmente in fase 2 di sperimentazione clinica per lo sviluppo di stenoparib (un inibitore duale della via PARP/Wnt), monitorerà specificamente la conformità al Regolamento SHO della SEC riguardo alle pratiche di vendita allo scoperto. Se verranno rilevate violazioni, Allarity intende intraprendere azioni legali contro le parti responsabili.
Allarity Therapeutics (NASDAQ: ALLR) ha anunciado una asociación estratégica con Shareholder Intelligence Services (ShareIntel) para investigar posibles ventas en corto ilegales e irregularidades comerciales en sus acciones. La iniciativa tiene como objetivo proteger el valor de los accionistas y garantizar prácticas comerciales transparentes.
ShareIntel empleará su tecnología propietaria DRIL-Down™ para analizar los patrones de comercio, monitorear posibles abusos y detectar actividades inusuales de ventas en corto. La plataforma rastreará datos de corredores, empresas de compensación y entidades informantes para identificar posibles manipulaciones del mercado.
La compañía, actualmente en ensayos clínicos de fase 2 desarrollando stenoparib (un inhibidor dual de la vía PARP/Wnt), monitoreará específicamente el cumplimiento de la Regulación SHO de la SEC con respecto a las prácticas de venta en corto. Si se detectan violaciones, Allarity planea emprender acciones legales contra las partes responsables.
Allarity Therapeutics (NASDAQ: ALLR)는 주식의 불법 공매도 및 거래 불규칙성을 조사하기 위해 Shareholder Intelligence Services(ShareIntel)와 전략적 파트너십을 발표했습니다. 이 이니셔티브는 주주 가치를 보호하고 투명한 거래 관행을 보장하는 것을 목표로 합니다.
ShareIntel은 고유한 DRIL-Down™ 기술을 사용하여 거래 패턴을 분석하고, 잠재적인 남용을 모니터링하며, 비정상적인 공매도 활동을 감지할 것입니다. 이 플랫폼은 중개인, 청산 회사 및 보고 기관의 데이터를 추적하여 시장 조작 가능성을 식별합니다.
현재 PARP/Wnt 경로의 이중 억제제인 stenoparib 개발을 위한 2상 임상 시험 중인 이 회사는 공매도 관행에 관한 SEC의 규정 SHO 준수를 특별히 모니터링할 것입니다. 위반 사항이 발견되면 Allarity는 책임 당사자에 대한 법적 조치를 취할 계획입니다.
Allarity Therapeutics (NASDAQ: ALLR) a annoncé un partenariat stratégique avec Shareholder Intelligence Services (ShareIntel) pour enquêter sur d'éventuelles ventes à découvert illégales et des irrégularités commerciales concernant ses actions. L'initiative vise à protéger la valeur des actionnaires et à garantir des pratiques de trading transparentes.
ShareIntel utilisera sa technologie propriétaire DRIL-Down™ pour analyser les modèles de trading, surveiller les abus potentiels et détecter des activités de vente à découvert inhabituelles. La plateforme suivra les données des courtiers, des sociétés de compensation et des entités de reporting pour identifier d'éventuelles manipulations de marché.
L'entreprise, actuellement en phase 2 d'essais cliniques pour le développement de stenoparib (un inhibiteur dual de la voie PARP/Wnt), surveillera spécifiquement la conformité au règlement SHO de la SEC concernant les pratiques de vente à découvert. Si des violations sont détectées, Allarity prévoit d'engager des poursuites judiciaires contre les parties responsables.
Allarity Therapeutics (NASDAQ: ALLR) hat eine strategische Partnerschaft mit Shareholder Intelligence Services (ShareIntel) angekündigt, um mögliche illegale Leerverkäufe und Handelsunregelmäßigkeiten bei seinen Aktien zu untersuchen. Die Initiative zielt darauf ab, den Aktionärswert zu schützen und transparente Handelspraktiken sicherzustellen.
ShareIntel wird seine proprietäre DRIL-Down™-Technologie einsetzen, um Handelsmuster zu analysieren, potenzielle Missbräuche zu überwachen und ungewöhnliche Leerverkaufsaktivitäten zu erkennen. Die Plattform wird Daten von Broker-Dealern, Clearingstellen und berichtenden Stellen verfolgen, um mögliche Marktmanipulationen zu identifizieren.
Das Unternehmen, das sich derzeit in Phase 2 klinischer Studien zur Entwicklung von Stenoparib (einem dualen PARP/Wnt-Weg-Inhibitor) befindet, wird speziell die Einhaltung der SEC-Regulierung SHO in Bezug auf Leerverkaufspraktiken überwachen. Wenn Verstöße festgestellt werden, plant Allarity, rechtliche Schritte gegen die verantwortlichen Parteien einzuleiten.
- Proactive measures to protect shareholder value through market surveillance
- Implementation of sophisticated trading monitoring technology
- Commitment to take legal action against potential market manipulators
- Ongoing stock volatility issues affecting share price stability
- Potential presence of illegal naked short selling affecting stock performance
Boston (March 24, 2025)—Allarity Therapeutics, Inc. (“Allarity” or the “Company”) (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company dedicated to developing stenoparib—a differentiated dual PARP/Wnt pathway inhibitor—today announced that it has engaged Shareholder Intelligence Services, LLC (“ShareIntel”) to investigate potential illegal naked short selling and other potential trading irregularities by third parties in the Company’s common stock.
The engagement with ShareIntel is part of Allarity’s commitment to protecting shareholder value and ensuring fair and transparent trading of its stock. ShareIntel utilizes its proprietary DRIL-Down™ technology, a compliance-driven data analytics platform, to track and analyze stock trading activity from broker-dealers, clearing firms, and reporting entities. Through this agreement, Allarity will monitor potential trading abuses, detect unusual short-selling patterns, and investigate possible market manipulation, taking corrective action, including legal recourse if necessary.
Thomas Jensen, CEO of Allarity Therapeutics, commented: “We have engaged ShareIntel as part of our commitment to protecting shareholder value and fostering confidence in the market for our stock. As we continue advancing the clinical development of stenoparib, ensuring trust that our shares are traded fairly and free from manipulation remains a key priority. In response to investor inquiries and our observations of notable stock volatility on multiple occasions, we believe this collaboration with ShareIntel is both timely and appropriate.”
The Company will leverage ShareIntel’s market surveillance tools to detect potential violations of the U.S. Securities and Exchange Commission’s Regulation SHO, which governs short-selling practices, stock borrowing requirements, and fail-to-deliver obligations. If evidence of market manipulation or illegal short selling is uncovered, Allarity will consider all available options to hold responsible parties accountable.
About Stenoparib
Stenoparib is an orally available, small-molecule dual-targeted inhibitor of PARP1/2 and tankyrase 1/2. At present, tankyrases are attracting significant attention as emerging therapeutic targets for cancer, principally due to their role in regulating the Wnt signaling pathway. Aberrant Wnt/β-catenin signaling has been implicated in the development and progression of numerous cancers. By inhibiting PARP and blocking Wnt pathway activation, stenoparib’s unique therapeutic action shows potential as a promising therapeutic for many cancer types, including ovarian cancer. Allarity has secured exclusive global rights for the development and commercialization of stenoparib, which was originally developed by Eisai Co. Ltd. and was formerly known under the names E7449 and 2X-121.
About Allarity Therapeutics
Allarity Therapeutics, Inc. (NASDAQ: ALLR) is a clinical-stage biopharmaceutical company dedicated to developing personalized cancer treatments. The Company is focused on development of stenoparib, a novel PARP/tankyrase inhibitor for advanced ovarian cancer patients, using its DRP® technology to develop a companion diagnostic that can be used to select those patients expected to derive the greatest clinical benefit from stenoparib. Allarity is headquartered in the U.S., with a research facility in Denmark, and is committed to addressing significant unmet medical needs in cancer treatment. For more information, visit www.allarity.com.
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Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company’s current expectations or forecasts of future events. The words “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predicts,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, expectations regarding the investigation into potential naked short selling and trading irregularities, the findings from ShareIntel’s analysis, and the Company’s ability to take appropriate corrective action. Any forward-looking statements in this press release are based on management’s current expectations of future events and are subject to multiple risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to the effectiveness of ShareIntel’s investigation, the identification of any trading irregularities, the potential impact of corrective measures, and the Company's ability to protect shareholder value. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in the forward-looking statements, see the section entitled “Risk Factors” in our Form S-1/A registration statement filed on April 17, 2024, our Form 10-K annual report on file with the Securities and Exchange Commission (the “SEC”) and our Form 10-Q quarterly report filed with the SEC on November 14, 2024, available at the SEC’s website at www.sec.gov, and as well as discussions of potential risks, uncertainties and other important factors in the Company’s subsequent filings with the SEC. All information in this press release is as of the date of the release, and the Company undertakes no duty to update this information unless required by law.
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Company Contact:
investorrelations@allarity.com
Media Contact:
Thomas Pedersen
Carrotize PR & Communications
+45 6062 9390
tsp@carrotize.com
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