Shares of Minerva Surgical on Friday dropped 55% to $1.27 in after-hours trading after the company said it is delisting its shares from the Nasdaq Stock Market.
The women’s health company said its last day trading on Nasdaq will be on or about Dec. 28.
The company expects to lower its general and administrative expenses as a result of this voluntary decision.
Shareholders who are concerned about liquidity may be able to sell their shares of common stock before the delisting becomes effective, Minerva Surgical said.