Cingulate places CEO Schaffer on administrative leave

1 hour ago 1

The Board of Directors of Cingulate (NASDAQ:CING) announced on Friday that it has placed chairman and chief executive officer, Shane J. Schaffer on administrative leave in connection with ongoing legal matters unrelated to the company and its operations.
In addition, The company appointed Jennifer Callahan, Cingulate’s chief financial officer, has been appointed interim CEO to ensure business continuity and operational stability. Callahan will retain her responsibilities as chief financial officer.
CING -1.93% premarket to $4.05.
Source: Press Release

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