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Tintri Delisted From Nasdaq: to Cease Operations or to Be Sold, no More Choice

Following $60 million IPO last year

Tintri, Inc. received a Staff Delisting Determination Letter from Nasdaq setting forth a determination to delist the company’s securities as a result of the company’s failure to satisfy the requirements of Nasdaq Listing Rule 5250(c)(1) due to its failure to file a Quarterly Report on Form 10-Q for the period ended April 30, 2018.

Unless the company requests an appeal of the delisting determination, trading of the company’s common stock will be suspended at the opening of business on July 12, 2018, and Nasdaq will file a Form 25-NSE with the SEC, which will remove the company’s securities from listing and registration on Nasdaq.

The company has not determined at this time whether it will file an appeal of the delisting determination.

Read also:
In Deep Trouble, Tintri Reduced Force by 200 to Preserve Cash Resources
Now with only 40 to 50 employees
2018.06.28 | Press Release
Tintri not in Compliance With Nasdaq
As it had not yet filed quarterly report for fiscal quarter ended April 30, 2018.
2018.06.25 | Press Release
Tintri: Fiscal 1Q19 Financial Results
Out of cash and consequently unable to continue operations beyond June 30, 2018
2018.06.18 | Press Release | [with our comments]
Tintri Down Pricing of IPO
From around $110 million to $60 million
2017.07.03 | Press Release