Form 8-K - Current report
17 Noviembre 2023 - 4:01PM
Edgar (US Regulatory)
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2023-11-16
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 OR 15(d) of
the Securities Exchange
Act of 1934
Date of Report (Date of
earliest event reported): November 16, 2023
ALLARITY THERAPEUTICS,
INC.
(Exact name of registrant
as specified in our charter)
Delaware |
|
001-41160 |
|
87-2147982 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
24 School Street, 2nd Floor
Boston, MA |
|
02108 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
(401) 426-4664
(Registrant’s telephone
number, including area code)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par value $0.0001 per share |
|
ALLR |
|
The Nasdaq Stock Market LLC |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ☒
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of Delisting or Failure
to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As
previously disclosed on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on July 17, 2023, we received
a letter from the Nasdaq Listing Qualifications staff (“Staff”), dated July 14, 2023, notifying us that a Nasdaq Hearing Panel
confirmed that the Company had regained compliance with the minimum $2.5 million stockholders’ equity requirement for continued
listing on the Nasdaq Capital Market (“Equity Rule”), as required by the Panel. Pursuant to Listing Rule 5815(d)(4)(B), the
Panel imposed a Mandatory Panel Monitor for a period of one year or until July 14, 2024, which would require Staff to issue a Delist Determination
Letter, in the event that the Company fails to maintain compliance with the Equity Rule.
On
October 27, 2023, we received a notification from Staff that it has determined that the bid price of our Common Stock has closed at less
than $1 per share over the previous 30 consecutive business days, and did not comply with Listing Rule 5550(a)(2). As a result, our Common
Stock will be delisted from The Nasdaq Capital Market. We have appealed such determination by requesting a hearing. The hearing has been
scheduled for February 1, 2024 before a Nasdaq Hearing Panel (the “Panel Hearing”).
On
November 16, 2023, we received a letter from Staff notifying us that the Company’s stockholders’ equity, as reported in its
Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”), did not satisfy the continued listing
requirement under Listing Rule 5550(b)(1) for The Nasdaq Capital Market, which requires that a listed company’s stockholders’
equity be at least $2.5 million. As reported on the Form 10-Q, the Company’s stockholders’ equity as of September 30, 2023
was ($3,379,000). Pursuant to the Staff letter , the Company is not eligible for a 180-calendar day compliance period. Pursuant to Listing
Rule 5810(d), the Company will present its views with respect to this additional deficiency at the Panel Hearing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit |
|
Exhibit Description |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by the
undersigned hereunto duly authorized.
|
Allarity Therapeutics, Inc. |
|
|
|
|
By: |
/s/ James G. Cullem |
|
|
James G. Cullem |
|
|
Chief Executive Officer |
|
|
|
Dated: November 17, 2023 |
|
|
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Nov. 16, 2023 |
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Document Type |
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Document Period End Date |
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|
Entity File Number |
001-41160
|
Entity Registrant Name |
ALLARITY THERAPEUTICS,
INC.
|
Entity Central Index Key |
0001860657
|
Entity Tax Identification Number |
87-2147982
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
24 School Street
|
Entity Address, Address Line Two |
2nd Floor
|
Entity Address, City or Town |
Boston
|
Entity Address, State or Province |
MA
|
Entity Address, Postal Zip Code |
02108
|
City Area Code |
401
|
Local Phone Number |
426-4664
|
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Title of 12(b) Security |
Common Stock, par value $0.0001 per share
|
Trading Symbol |
ALLR
|
Security Exchange Name |
NASDAQ
|
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Allarity Therapeutics (NASDAQ:ALLR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Allarity Therapeutics (NASDAQ:ALLR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024