Aditxt Inc. (NASDAQ:ADTX) shares fell in after-hours trading on Wednesday after the company disclosed that Nasdaq’s Hearings Panel denied its request to maintain its listing on the exchange.

Aditxt closed Wednesday’s regular session at $0.0095, up 77.22%. In after-hours trading, shares fell to $0.0076, down 20%.

Aditxt is a social innovation platform focused on accelerating health-related technologies through collaborations with research institutions and industry partners.

Nasdaq To Suspend Trading

According to an 8-K filing, Nasdaq’s Hearings Panel notified Aditxt on June 23 that it had denied the company’s request to continue listing its common stock on the exchange.