LYRA THERAPEUT. DL-,001

Lyra Therapeutics said it will voluntarily file a Form‑25 with the SEC on April 20, 2026, to end the listing of its common stock on Nasdaq; trading had already been suspended on March 17, 2026. The delisting is expected to take effect about ten days after filing, after which the company plans to file a Form‑15 to terminate registration under Section 12(g) and suspend reporting under Section 15(d). The stock fell 85% over the past year to $0.66 and market capitalization shrank to $1.17 million; the common shares are currently traded on the Pink Limited Market. An analysis also points to rapid cash burn by the company. » Plus sur de.investing.com

According to SEC filings, Lyra Therapeutics has agreed to early terminations of leases for locations in Watertown and Waltham, paying lump-sum fees and waiving bank guarantees. For the Watertown space the company waived a security deposit of $302,514.84 and will pay $1,000,000; for Waltham it waived a $1,089,389 deposit and will pay a $1,500,000 termination fee; additionally, up to 10% of net proceeds (capped at $1,500,000) is agreed if the property is sold. The company is under severe financial pressure (market capitalization around $940,000, share price year-to-date -87.5%, free cash flow -$29 million), has halted development of LYR-210 and laid off all 28 remaining employees. Lyra is working with SSG Capital Advisors on strategic alternatives; CEO Maria Palasis and CFO Jason Cavalier will remain on as advisers. » Plus sur de.investing.com

Lyra Therapeutics received a notice from RVAC over unpaid rent for office space in Waltham; outstanding claims amount to $484,431.92. The notice follows previously announced plans to cease operations and wind down; Lyra had offered a proposal to terminate the sublease before payments were stopped. The company has halted further development of LYR-210, laid off all 28 remaining employees and engaged SSG Capital Advisors to review strategic alternatives, while CEO Maria Palasis and CFO Jason Cavalier are supporting the process as advisors. InvestingPro data show rapid cash burn and rate the financial position as weak, although the current ratio still stands at 2.43. » Plus sur de.investing.com