Windtree Stock Crashes 77% After Nasdaq Delisting — BNB Treasury in Question

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• Windtree falls 77% following Nasdaq noncompliance notice.
  
• BNB treasury strategy’s future remains uncertain amid delisting.
  
• CEO pledges continued financial transparency despite stock suspension.

Windtree Therapeutics (WINT), a biotech firm known for its recent BNB treasury strategy, suffered a dramatic 77% drop in share price on Wednesday after Nasdaq announced plans to delist the stock. The delisting stems from noncompliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share. Trading is set to be suspended on Thursday, according to Windtree’s filing with U.S. regulators.

The stock fell to $0.11, with an additional 4.7% decline in after-hours trading. The drop erases the modest gains seen after the company announced its BNB treasury initiative in mid-July, a strategy intended to give investors exposure to Binance Coin (BNB) without directly holding the cryptocurrency.

BNB Treasury Strategy Gains Attention Amid Market Volatility

Windtree launched its BNB treasury plan on July 16, disclosing a $60 million purchase agreement with Build and Build Corp., along with an option for an additional $140 million. The stock briefly surged 32.2% over the next two days, reflecting investor optimism.

The company later secured a $500 million equity line of credit and an extra $20 million stock-purchase agreement, signaling continued ambitions in crypto exposure. However, Windtree has yet to clarify the current BNB holdings or future plans for the treasury, leaving investors uncertain about the strategy’s impact amid the Nasdaq delisting.

CEO Vows Continued Transparency

Despite the delisting, CEO Jed Latkin confirmed that Windtree would continue its financial reporting obligations. Historical precedent shows that firms such as Argo Blockchain have been suspended from Nasdaq yet successfully relisted after meeting compliance standards, offering a potential, albeit uncertain, path forward for Windtree.

Also Read: BNB Price Set for Bullish Breakout Toward $1,092 as Whale Activity Surges

Meanwhile, BNB itself continues to thrive in the crypto markets, climbing 5.6% to $876.26 and reaching a new all-time high. Other major altcoins like XRP and Solana are also approaching record highs, while Ether, Dogecoin, Chainlink, and Cardano remain below their 2021 peaks.

Windtree’s sharp fall illustrates the volatile intersection of traditional markets and crypto adoption strategies. While BNB continues to perform strongly, investor caution remains critical as the company navigates Nasdaq compliance and the future of its BNB treasury.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses