06:25 AM EDT, 09/11/2024 (MT Newswires) -- Telesis Bio ( TBIO ) said late Tuesday that the Nasdaq Stock Market has notified the company 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 53% in premarket activity Wednesday.

Price: 1.7700, Change: -2.03, Percent Change: -53.42