Form 8-K - Current report
12 Julio 2024 - 3:49PM
Edgar (US Regulatory)
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2024-07-11
2024-07-11
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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): July
11, 2024
NeuroOne Medical Technologies Corporation
(Exact name of registrant as specified in its charter)
Delaware |
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001-40439 |
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27-0863354 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
7599 Anagram Dr., Eden Prairie, MN 55344
(Address of principal executive offices and zip code)
952-426-1383
(Registrant’s telephone number including area
code)
(Registrant’s former name or former address,
if changed since last report)
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:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
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 |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
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NMTC |
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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.
On July 11, 2024, NeuroOne Medical Technologies Corporation
(the “Company”) received a letter (the “Notice”) from the Listing Qualifications Department (the
“Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that because the closing bid
price of the Company’s common stock was below $1.00 per share for the prior 30 consecutive business days, the Company is not
in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Marketplace
Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A),
the Company has a period of 180 calendar days from July 11, 2024, or until January 7, 2025, to regain compliance with the Minimum Bid
Price Requirement. If at any time before January 7, 2025, the closing bid price of the Company’s common stock closes at or above
$1.00 per share for a minimum of 10 consecutive business days (which number days may be extended by Nasdaq), Nasdaq will provide written
notification that the Company has achieved compliance with the Minimum Bid Price Requirement, and the matter would be resolved.
The Notice also disclosed that in the event the Company
does not regain compliance with the Rule by January 7, 2025, the Company may be eligible for additional time. To qualify for additional
time, the Company would be required to meet the applicable market value of publicly held shares requirement for continued listing and
all other applicable standards for initial listing on The Nasdaq Capital Market, with the exception of the bid price requirement, and
would need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company meets
these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to
the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice
that the Company’s securities will be subject to delisting.
The Company intends to continue actively monitoring
the closing bid price for the Company’s common stock between now and January 7, 2025, and will consider available options to resolve
the deficiency and regain compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance within the allotted
compliance period, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common
stock will be subject to delisting. The Company would then be entitled to appeal that determination to a Nasdaq hearings panel. There
can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement during the 180-day compliance period,
secure a second period of 180 calendar days to regain compliance, or maintain compliance with the other Nasdaq listing requirements.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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NEUROONE MEDICAL TECHNOLOGIES CORPORATION |
Dated: July 12, 2024 |
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By: |
/s/ David Rosa |
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David Rosa |
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Chief Executive Officer |
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