Yield10 Bioscience announces delisting from Nasdaq

Yield10 Bioscience announced that Company has received a final delisting notice from Nasdaq. The delisting is a result of failure to regain compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) requiring companies listed on the Nasdaq Capital Market to maintain stockholder’s equity of at least $2,500,000. Suspension of trading in the Company’s common stock on the Nasdaq exchange will be effective at the open of trading on May 16, 2024. Following the Nasdaq delisting, shares of the Company’s common stock will continue to trade publicly. Effective May 16, 2024, the Company’s common stock will be eligible for quotation and trading on the “over the counter” market operated by the OTC Markets Group. The Company’s trading symbol will remain YTEN. The Company does not expect the transition to the OTC Market to affect business operations. The Company remains focused on executing its business plan and will explore any and all strategic opportunities, both internally and externally, that have the ability to advance the development of Camelina, as well as grow shareholder value. Following the Nasdaq delisting, the Company’s common stock will continue to be registered with the SEC under the Exchange Act, and the Company will continue to file reports under the Exchange Act, which reports will be available on the SEC’s website, www.sec.gov. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a Staff delisting determination.