05:35 PM EDT, 04/01/2025 (MT Newswires) -- Syra Health ( SYRA ) plans to delist from Nasdaq with the last day of share trading expected around April 21.

The shares are expected to be listed on the OTC market until a possible relisting on a national securities exchange, Syra Health ( SYRA ) said Tuesday in a statement.

"The company will be better enabled to enhance operational efficiencies, optimize its financial health and generate sustainable long-term growth" while reducing costs associated with a Nasdaq listing, according to the statement.

The company plans to file a delisting notification with the Securities and Exchange Commission on April 11.

Syra Health ( SYRA ) received a noncompliance notice from Nasdaq in October for failing to meet the minimum $1 bid price for continued listing. The company had until April 16 to regain compliance.

Shares of the company fell 37% in after-hours trading.