Dogwood Therapeutics (DWTX) Regains Nasdaq Compliance

Dogwood Therapeutics, Inc. (Nasdaq: DWTX) today announced that it has received written confirmation from Nasdaq that it has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2.5 million.

DWTX Chairman and CEO Greg Duncan stated, “We are pleased that the Company successfully implemented a plan to regain compliance and meet the equity requirement and is continuing to execute that plan going forward.” He continued, “The Company has a strong cash position of $17.5 million as of the end of Q1, and we are dosing patients in our Halneuron® Phase 2b Chemotherapy Induced Neuropathic Pain Trial to support our planned interim data analysis in the fourth quarter this year.”

As previously disclosed, the Company received a letter on November 15, 2024 notifying the Company that its amount of stockholders’ equity had fallen below the $2.5 million minimum stockholders’ equity requirement (the “Minimum Equity Requirement”). On December 27, 2024, it submitted to Nasdaq a plan of compliance to achieve and sustain compliance with the Minimum Equity Requirement. On February 2, 2025, the Company received a letter from Nasdaq granting it until May 14, 2025 to regain compliance with the Nasdaq Listing Rule 5550(b)(1). On April 8, 2025, the Company received a letter from Nasdaq stating that based on its Form 8-K, dated April 3, 2025, Staff has determined that the Company complies with the Listing Rule 5550(b)(1).

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