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Quince Therapeutics Stock Plunges As Filing Shows Reverse Merger Plans, Bankruptcy Risks
Quince Therapeutics (QNCX) stock plummeted after a Form 8-K filing revealed dire financial straits, including limited cash, a failed lead drug candidate, and “no meaningful operations.” The company is exploring a reverse merger as its only path to shareholder value, but warns of significant risks including delisting and potential bankruptcy where common shareholders would likely lose everything.