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Annovis Bio, Inc. Receives Continued Listing Standard Notice From the NYSE

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Annovis Bio (NYSE: ANVS) has received a notice from the NYSE on March 26, 2025, indicating non-compliance with continued listing standards. The company's average global market capitalization over 30 trading days fell below $50 million (approximately $37.9 million as of March 25, 2025), while stockholders' equity was $9.3 million as of December 31, 2024.

The company must submit a compliance plan within 45 days, demonstrating its ability to meet NYSE standards within 18 months. During this period, ANVS stock will continue trading with a '.BC' designation. If the plan is accepted, quarterly reviews will ensure compliance. Failure to meet requirements could result in NYSE delisting.

Annovis Bio (NYSE: ANVS) ha ricevuto una comunicazione dalla NYSE il 26 marzo 2025, che indica la non conformità agli standard di quotazione continuativa. La capitalizzazione di mercato globale media dell'azienda negli ultimi 30 giorni di contrattazioni è scesa sotto i 50 milioni di dollari (circa 37,9 milioni di dollari al 25 marzo 2025), mentre il patrimonio netto degli azionisti era di 9,3 milioni di dollari al 31 dicembre 2024.

L'azienda deve presentare un piano di conformità entro 45 giorni, dimostrando la sua capacità di rispettare gli standard della NYSE entro 18 mesi. Durante questo periodo, le azioni ANVS continueranno a essere scambiate con la designazione '.BC'. Se il piano viene accettato, verranno effettuate revisioni trimestrali per garantire la conformità. Il mancato rispetto dei requisiti potrebbe comportare la delisting dalla NYSE.

Annovis Bio (NYSE: ANVS) ha recibido un aviso de la NYSE el 26 de marzo de 2025, indicando el incumplimiento de los estándares de cotización continua. La capitalización de mercado global promedio de la empresa durante 30 días de negociación cayó por debajo de los 50 millones de dólares (aproximadamente 37,9 millones de dólares al 25 de marzo de 2025), mientras que el patrimonio neto de los accionistas era de 9,3 millones de dólares al 31 de diciembre de 2024.

La empresa debe presentar un plan de cumplimiento dentro de 45 días, demostrando su capacidad para cumplir con los estándares de la NYSE en un plazo de 18 meses. Durante este período, las acciones de ANVS continuarán negociándose con la designación '.BC'. Si el plan es aceptado, se realizarán revisiones trimestrales para asegurar el cumplimiento. El incumplimiento de los requisitos podría resultar en la exclusión de la NYSE.

Annovis Bio (NYSE: ANVS)는 2025년 3월 26일 NYSE로부터 지속적인 상장 기준 미준수에 대한 통지를 받았습니다. 회사의 30일 거래일 평균 글로벌 시가총액은 5천만 달러 이하로 떨어졌으며(2025년 3월 25일 기준 약 3,790만 달러), 주주 자본은 2024년 12월 31일 기준으로 930만 달러였습니다.

회사는 45일 이내에 준수 계획을 제출해야 하며, 18개월 이내에 NYSE 기준을 충족할 수 있는 능력을 보여주어야 합니다. 이 기간 동안 ANVS 주식은 '.BC' 표기와 함께 계속 거래됩니다. 계획이 승인되면 분기별 검토가 이루어져 준수를 보장합니다. 요구 사항을 충족하지 못할 경우 NYSE에서 상장 폐지될 수 있습니다.

Annovis Bio (NYSE: ANVS) a reçu une notification de la NYSE le 26 mars 2025, indiquant un non-respect des normes de cotation continue. La capitalisation boursière mondiale moyenne de l'entreprise sur 30 jours de négociation est tombée en dessous de 50 millions de dollars (environ 37,9 millions de dollars au 25 mars 2025), tandis que les capitaux propres des actionnaires s'élevaient à 9,3 millions de dollars au 31 décembre 2024.

L'entreprise doit soumettre un plan de conformité dans les 45 jours, démontrant sa capacité à respecter les normes de la NYSE dans un délai de 18 mois. Pendant cette période, les actions ANVS continueront d'être négociées avec la désignation '.BC'. Si le plan est accepté, des examens trimestriels garantiront la conformité. Le non-respect des exigences pourrait entraîner une radiation de la NYSE.

Annovis Bio (NYSE: ANVS) hat am 26. März 2025 eine Mitteilung von der NYSE erhalten, die auf die Nichteinhaltung der fortlaufenden Listungsstandards hinweist. Die durchschnittliche globale Marktkapitalisierung des Unternehmens über 30 Handelstage fiel unter 50 Millionen Dollar (ca. 37,9 Millionen Dollar am 25. März 2025), während das Eigenkapital der Aktionäre am 31. Dezember 2024 bei 9,3 Millionen Dollar lag.

Das Unternehmen muss innerhalb von 45 Tagen einen Compliance-Plan einreichen, der seine Fähigkeit zur Einhaltung der NYSE-Standards innerhalb von 18 Monaten nachweist. Während dieses Zeitraums wird die ANVS-Aktie weiterhin mit der Bezeichnung '.BC' gehandelt. Wenn der Plan akzeptiert wird, finden vierteljährliche Überprüfungen zur Sicherstellung der Einhaltung statt. Das Nichteinhalten der Anforderungen könnte zur Delistung von der NYSE führen.

Positive
  • Continued trading allowed on NYSE during 18-month cure period if plan is accepted
Negative
  • Market capitalization dropped below NYSE minimum requirement of $50M to $37.9M
  • Low stockholders' equity of only $9.3M, well below $50M requirement
  • Risk of potential NYSE delisting if compliance plan fails
  • Required to add '.BC' designation to stock symbol indicating below-criteria status

Insights

The NYSE continued listing standard notice represents a significant regulatory challenge for Annovis Bio with material implications for investors. The company has fallen below two critical thresholds: its 30-day average market capitalization of $37.9 million and stockholders' equity of $9.3 million are both under the required $50 million minimum.

This notice triggers a structured remediation process: Annovis must submit a compliance plan within 45 days, and if accepted, has 18 months to meet listing standards. During this period, the stock will trade with a ".BC" designation signaling its below-compliance status.

The low stockholders' equity figure is particularly concerning for a late-stage clinical company developing treatments for major neurodegenerative diseases, which typically require substantial capital reserves to complete clinical trials and regulatory submissions. This suggests significant cash burn relative to available resources.

While not immediately threatening operations, this situation creates several challenges:

  • Reduced appeal to institutional investors who often have investment policies restricting positions in non-compliant issuers
  • Potential limitations on capital-raising capabilities at a critical development stage
  • Additional compliance costs and management distraction
  • Increased vulnerability to market volatility

The company's ability to address this situation will likely depend on either raising additional capital (potentially dilutive to current shareholders) or achieving value-creating clinical or regulatory milestones that could drive market capitalization above the threshold.

MALVERN, Pa., March 27, 2025 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD), today announced that on March 26, 2025, it received notice (the “Notice”) from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual due to the fact that the Company’s average global market capitalization over a consecutive 30 trading-day period was less than $50 million while its stockholders’ equity was less than $50 million.

The Notice does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission, and it does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.

As set forth in the Notice, as of March 25, 2025, the 30 trading-day average market capitalization of the Company was approximately $37.9 million and the Company’s last reported stockholders’ equity as of December 31, 2024 was $9.3 million.

The Company has notified the NYSE that it will submit a plan within 45 days of the Notice advising the NYSE of definitive action it has taken, or is taking, to bring it into conformity with Section 802.01B within 18 months of receipt of the Notice. The NYSE will review the Company’s plan and, within 45 days, make a determination as to whether the Company has made a reasonable demonstration of its ability to come into conformity with Section 802.01B within 18 months. If the Company’s plan is not submitted on a timely basis or is not accepted, the NYSE will initiate delisting proceedings. If the NYSE accepts the Company’s plan, the Company’s common stock will continue to be listed and traded on the NYSE during the cure period, subject to the Company’s compliance with the plan and other continued listing standards. The NYSE will review the Company on a quarterly basis to confirm compliance with the plan. If the Company fails to comply with the plan or does not meet continued listing standards at the end of the 18-month cure period, it will be subject to the prompt initiation of NYSE suspension and delisting procedures.

The Notice has no immediate impact on the listing of the Company’s common stock, which will continue to be “ANVS”, subject to the Company’s continued compliance with the plan and other listing requirements of the NYSE. However, the common stock trading symbol will have an added designation of “.BC” to indicate that the status of the common stock is below criteria with the NYSE continued listing standards. The “.BC” indicator will be removed at such time as the Company regains compliance.

Cautionary Note Regarding Forward-Looking Statements
This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” Forward-looking statements include statements identified by words such as “could,” “may,” “might,” “will,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the Company’s ability to develop a plan to regain compliance with the continued listing criteria of the NYSE; the NYSE’s acceptance of such plan; the Company’s ability to execute such plan and to continue to comply with applicable listing standards within the available cure period; risks arising from the potential suspension of trading of the Company’s common stock on the NYSE; regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding our ability to manage inventory or anticipate consumer demand; changes in consumer confidence and spending; our competitive environment; our failure to open new profitable stores or successfully enter new markets and other factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Any forward-looking statement made in this report speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

About Annovis Bio, Inc.:
Headquartered in Malvern, Pennsylvania, Annovis is dedicated to addressing neurodegeneration in diseases such as AD and PD. The Company’s innovative approach targets multiple neurotoxic proteins, aiming to restore brain function and improve the quality of life for patients. For more information, visit www.annovisbio.com and follow us on LinkedIn, YouTube, and X.

Contact:
Annovis Bio Inc.
101 Lindenwood Drive
Suite 225
Malvern, PA 19355
www.annovisbio.com

Investor Contact:
Alexander Morin, Ph.D.
Director, Strategic Communications
Annovis Bio
ir@annovisbio.com


FAQ

What are the specific NYSE listing requirements that ANVS failed to meet in March 2025?

ANVS failed to maintain both a 30-day average market capitalization and stockholders' equity above $50 million, with actual figures at $37.9M and $9.3M respectively.

How long does Annovis Bio have to regain NYSE compliance after March 2025 notice?

Annovis has 45 days to submit a compliance plan and 18 months to regain compliance with NYSE standards if the plan is accepted.

What happens to ANVS stock trading status during the compliance period?

ANVS will continue trading on NYSE with an added '.BC' designation, indicating below-criteria status, until compliance is regained.

What are the consequences if ANVS fails to meet NYSE compliance requirements?

If ANVS fails to submit an acceptable plan or meet requirements within 18 months, the NYSE will initiate suspension and delisting procedures.
Annovis Bio Inc

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