Nasdaq is considering motion to delist Subgen AI's shares
Nasdaq is considering motion to delist Subgen AI's shares
Subgen AI AB ("Subgen AI" or the "Company") has received a Statement of Reprimand from Nasdaq Stockholm ("Nasdaq"), in which Nasdaq informs the Company that it is considering referring the case to Nasdaq Stockholm’s Disciplinary Committee and a motion for the Disciplinary Committee to decide that the shares in the Company shall be delisted from Nasdaq First North Growth Market.
In the statement, Nasdaq alleges that the Company breached its disclosure obligations under the Nasdaq First North Growth Market Rulebook and the EU Market Abuse Regulation. Nasdaq has given Subgen AI the opportunity to respond to Nasdaq’s claims before Nasdaq submits its request to the Disciplinary Committee of Nasdaq Stockholm. Subgen AI shall provide its response no later than 27 November 2026.