05:00 PM EDT, 05/23/2025 (MT Newswires) -- Polyrizon ( PLRZ ) said Friday it received a delisting notice from Nasdaq.

Nasdaq's staff decided to delist the company's securities following a review of its public filings with the SEC.

The decision was based on the company's issuance of securities under a March 31 purchase agreement, specifically Series A warrants exercisable on an alternate cashless basis, which Nasdaq said raised public interest concerns due to substantial dilution of shareholders.

The company said it plans to request a hearing before the Nasdaq Hearings Panel.

Shares of Polyrizon ( PLRZ ) were down nearly 6% in after-hours trading.