Claire Adison's questions to Acurx Pharmaceuticals Inc (ACXP) leadership • Q4 2024
Question
Claire Adison from Independent Investment Research asked for clarification on the suspension of the At-The-Market (ATM) financing program and questioned the company's strategy to manage the risk of delisting from NASDAQ.
Answer
CFO Robert Shawah explained that the ATM program was suspended in connection with the January registered direct offering and can be reactivated if management chooses, though it is not part of the immediate plan. Shawah expressed strong confidence in maintaining the NASDAQ listing, stating there is "no sense internally that we'll let the NASDAQ listing go" and that the company is actively working on measures to address the situation.