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Company received a Staff Delisting Determination (the "Staff Determination"), dated August 3, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), stating that
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Short seller BMF Capital disclosed a short position in SELLAS Life Sciences, arguing the market has 'dangerously overvalued' the biotech.
Nasdaq announced on August 3, 2026, that it will delist Magnitude International Ltd. (MAGH) from the Nasdaq Stock Market on August 12, 2026, unless the company appeals. The delisting follows a temporary trading suspension by the SEC in December 2025. Trading in the company's securities will remain halted until any appeal is resolved.
The Nasdaq Stock Market (NASDAQ:NDAQ) announced today that it has notified Magnitude International Ltd. (NASDAQ:MAGH) that its securities will be delisted from the Nasdaq Stock Market LLC on August 12, 2026, unless the