Charming Medical to be delisted from Nasdaq following SEC suspension
Charming Medical (MCTA) received a delisting notice from Nasdaq after a SEC trading suspension due to potential manipulation via social media. The company has until today to appeal. Nasdaq cited Listing Rule IM-5101-4, allowing delisting based on third-party misconduct. Trading will halt Monday if no appeal is filed. The company denies wrongdoing and says operations remain unaffected.