02:05 PM EDT, 09/11/2024 (MT Newswires) -- (Corrects the first paragraph to reflect Telesis Bio ( TBIO ) notified Nasdaq of plans to delist and updates stock move.)

Telesis Bio ( TBIO ) said late Tuesday it notified the Nasdaq Stock Market of its decision to delist its common shares.

The company intends to ask the Securities and Exchange Commission to remove its listing around Sept. 20, which will likely be its last trading day.

Shares of Telesis Bio ( TBIO ) plunged more than 58% in recent trading.

Price: 1.59, Change: -2.22, Percent Change: -58.29