Nasdaq Ousts Windtree as Stock Tanks to $0.11

Nasdaq is showing Windtree Therapeutics the door. The exchange is delisting the company’s stock after it failed the most basic test: keeping its share price above $1.

WINT stock has been in a freefall, crashing 76% in a single day to a mere $0.11 and wiping out nearly all its value this year.

The company confirmed its fate in an SEC filing, marking the second such expulsion in recent months after Argo Blockchain met the same fate for identical reasons.