Brief: NanoString Technologies To Cut About 9% Workforce

NS Wind Down Co

05/01/2024 11:18

Jan 5 (Reuters) - NanoString Technologies Inc  NSTG.O :
    * NANOSTRING TECHNOLOGIES INC - ON DECEMBER 31, COMMITTED TO
REDUCTION IN FORCE THAT IS EXPECTED TO RESULT IN TERMINATION OF
APPROXIMATELY 50 POSITIONS
    * NANOSTRING TECHNOLOGIES INC:  CURRENTLY ESTIMATES TO INCUR
APPROXIMATELY $2 MILLION OF COSTS
    * NANOSTRING TECHNOLOGIES INC -  REDUCTION REPRESENTING
APPROXIMATELY 9% OF COMPANY'S GLOBAL WORKFORCE
    * NANOSTRING TECHNOLOGIES INC - COMPANY EXPECTS TO
SUBSTANTIALLY
COMPLETE THE REDUCTION IN FORCE BY MARCH 31, 2024
    * NANOSTRING TECHNOLOGIES-  ON JAN 4, 2024, CO RECEIVED
NOTICE OF
DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OF
STANDARD FROM NASDAQ
    * NANOSTRING TECHNOLOGIES - MAY INCUR ADDITIONAL COSTS NOT
CURRENTLY CONTEMPLATED DUE TO EVENTS THAT MAY OCCUR AS RESULT OF
 REDUCTION

Further company coverage:  NSTG.O 

 ((Reuters.Briefs@thomsonreuters.com;))