
- Windtree Therapeutics Inc. is being delisted from Nasdaq.
- The company’s stock fell by 77% following the announcement.
- Trading will continue on OTC markets following the effective date.
Windtree Therapeutics Inc. will be delisted from Nasdaq on August 21, 2025, following noncompliance with Nasdaq’s listing rules, affecting its trading eligibility.

The delisting may impact market perception and trading strategy as Windtree shifts to OTC markets, potentially affecting its financial stability.
Windtree Therapeutics Inc. will be delisted from Nasdaq after failing to meet minimum share price requirements. The firm’s stock has fallen significantly, with a 77% decline following the announcement. Trading will continue on OTC markets after the effective date.
The Delisting Decision
The SEC Form 8-K filing confirms the Nasdaq decision, stipulating the delisting effective August 21, 2025. The Company’s management formally informed regulators through the official filing, with no other major statements or actions from leadership recorded.
“On August 19, 2025, Windtree Therapeutics Inc. (the ‘Company’) was notified by The Nasdaq Stock Market LLC (‘Nasdaq’) that… will suspend trading in the Company’s common stock effective at the open of trading on August 21, 2025.”
Market Reaction and Financial Implications
The stock market reacted sharply, leading to a 77% share price drop for Windtree. The company’s recent adoption of a Binance Coin (BNB) treasury strategy did not avert the significant market decline.
Financial implications are notable, with Windtree shares now planned for over-the-counter (OTC) trading. The delisting highlights the risk management concerns linked with maintaining minimum bid prices on major exchanges like Nasdaq.
Influence on the Industry
Windtree’s delisting may influence similar companies relying on crypto treasuries. While no direct impact on BNB was seen, this raises questions about crypto-linked corporate structures in traditional finance.
Past examples suggest delisted companies often find recovery strategies through internal restructuring or improved business models. The situation illustrates challenges faced by firms with nascent crypto integrations, potentially affecting future treasury decisions across industries.