Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Item 3.01 Standard; Transfer of Listing.
As previously reported, on January 11, 2023, Tricida, Inc. (the "Company") filed
a voluntary petition for relief under Chapter 11 of Title 11 of the United
States Code in the United States Bankruptcy Court for the District of Delaware
(the "Filing"), thereby commencing a Chapter 11 case for the Company (Case No.
23-10024)).
On January 13, 2022, the Company received notice from the Listing Qualifications
Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating
that, after a review of publicly available information related to the Filing and
in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, the Staff
has determined that the Company's securities will be delisted from Nasdaq.
Nasdaq's determination is based on the Filing and associated public interest
concerns raised by it; concerns regarding the residual equity interest of the
existing listed securities holders; and concerns about the Company's ability to
sustain compliance with all requirements for continued listing on Nasdaq
(including concerns disclosed in the Company's Current Reports on Form 8-K filed
on December 7, 2022 and December 12, 2022). The notice also indicates that the
Company may appeal Nasdaq's determination pursuant to procedures set forth in
Nasdaq Listing Rule 5800 Series. The Company will not appeal this determination.
Trading of the Company's common stock will be suspended at the opening of
business on January 24, 2023 and a Form 25-NSE will be filed with the Securities
and Exchange Commission, which will remove the Company's securities from listing
and registration on Nasdaq. As a result, the Securities are expected to begin
trading on the over-the-counter market on January 24, 2023.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
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TRICIDA, INC. 
