10:59 AM EDT, 03/14/2024 (MT Newswires) -- Better Therapeutics ( BTTX ) shares were down more than 83% in recent trading Thursday after the company announced it is terminating its employees and will explore strategic alternatives.

Options include the assignment for the benefit of creditors and/or a wind-down of the company, Better Therapeutics ( BTTX ) said.

The decision was made by Better Therapeutics' ( BTTX ) board on Wednesday, according to the company.

The company said it has also filed a request for the delisting of its securities from the Nasdaq in the near term.

Price: 0.03, Change: -0.17, Percent Change: -83.38