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Third Harmonic Bio, Inc. ( (THRD) ) has issued an announcement.
Third Harmonic Bio, Inc. announced its intention to voluntarily delist its common stock from Nasdaq and deregister under the Securities Exchange Act as part of a planned dissolution. The company will file the necessary forms with the SEC and cease trading on July 31, 2025. As part of the dissolution plan, the board has approved a liquidation distribution of $5.35 per share, with the first distribution expected in August 2025. Key executives, including the Chief Medical Officer and Chief Administrative Officer, will depart, while the Chief Financial and Business Officer will remain through the dissolution period.
The most recent analyst rating on (THRD) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Third Harmonic Bio, Inc. stock, see the THRD Stock Forecast page.
Spark’s Take on THRD Stock
According to Spark, TipRanks’ AI Analyst, THRD is a Neutral.
Third Harmonic Bio, Inc. has strong financial stability with high equity and low debt, but the lack of revenue and reliance on financing raise sustainability concerns. The technical analysis indicates a strong upward momentum, although overbought conditions suggest caution. The valuation is weak due to a negative P/E ratio and no dividend yield. Additionally, the recent restructuring plan underscores operational challenges and adds uncertainty to the company’s future prospects.
To see Spark’s full report on THRD stock, click here.
More about Third Harmonic Bio, Inc.
Average Trading Volume: 259,771
Technical Sentiment Signal: Sell
Current Market Cap: $245.9M
Find detailed analytics on THRD stock on TipRanks’ Stock Analysis page.