US stocks BNB Treasury Company WINT was delisted by Nasdaq for violations

According to Foresight News, Windtree Therapeutics (WINT), a US stock BNB treasury company, received a notice from Nasdaq on August 19, 2025. Because its stock price stayed below $1 for too long (Rule 5550(a)(2)), after multiple reverse splits and did not meet the usual grace period, its common stock will be delisted from the Nasdaq Capital Market and transferred to OTC Market for trading on August 21. The news caused its stock price to start falling in the early morning of this day, eventually closing down 77.21%, with a market value of only $3.152 million.



WINT's share price on August 22 last year was $517.5, and has fallen by 99.98% so far. The opening price on February 21 this year was US$4.68, and has fallen by 97.8% so far. After the announcement of BNB's treasury strategy a month ago, the stock had significantly increased trading volume in several trading days (including several trading days before the news was announced), and finally hit a recent high of $1.28 on July 18, and then started a unilateral decline again, with a cumulative decline so far.



Windtree Therapeutics is a clinical-stage biopharmaceutical and medical equipment company. Many of its medical projects are still far from commercialization. According to the latest data, the company's net income in the latest quarter was -10.64 million US dollars, an increase of 163.04% from -4.04 million in the previous quarter. The company initially announced its launch of the BNB treasury strategy on July 16, raising $60 million through securities subscriptions. On July 25, it was announced that it had signed a new financing agreement of $520 million to buy BNB.

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