trending Market Intelligence /marketintelligence/en/news-insights/trending/QVhLrHJhFtV4cU9fb2HpvQ2 content esgSubNav
In This List

Aradigm transfers listing to OTCQB Venture Market

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation

Blog

Using Credit Analytics to Avoid Mispricing Insurance Premiums

Blog

Post-Webinar Q&A: Integrating Climate Risks into Credit Risk Portfolios


Aradigm transfers listing to OTCQB Venture Market

Aradigm Corp. is transferring its common stock to the OTCQB Venture Market after receiving a delisting notice from Nasdaq.

The company's common shares will trade on the exchange under the ARDM ticker beginning Jan. 15.

In March 2018, Aradigm received Nasdaq's noncompliance notice for failing to meet its $35 million minimum market value of listed securities listing rule. The company was then given until September 2018 to regain compliance with the continued listing standard.

On Jan. 10, the company notified the exchange that it will not be able to regain compliance with the listing rule by Feb. 15.

A Nasdaq panel later informed the company that its common shares will be delisted from the exchange and was suspended from trading starting Jan. 15.

The company noted it remains to be a reporting company under the Securities Exchange Act of 1934 and intends to file periodic and other reports with the SEC.

Hayward, Calif.-based Aradigm develops drugs for the prevention and treatment of severe respiratory diseases.