Form 8-K - Current report
21 Agosto 2023 - 8:00AM
Edgar (US Regulatory)
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2023-08-21
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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): August 21, 2023 (August 17, 2023)
Vivos
Therapeutics, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-39796 |
|
81-3224056 |
(State
or other jurisdiction |
|
(Commission
|
|
(I.R.S.
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
7921
Southpark Plaza, Suite 210
Littleton,
Colorado 80120
(Address
of principal executive offices) (Zip Code)
(866)
908-4867
(Registrant’s
telephone number, including area code)
N/A
(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) |
|
|
☐ |
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 |
|
VVOS |
|
The
NASDAQ Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in 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
August 17, 2023, Vivos Therapeutics, Inc. (the “Company”) received a letter (“Letter”) from the Listing Qualifications
Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s stockholders’
equity as reported in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (the “Form 10-Q”), did
not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1), which requires that a listed company’s stockholders’
equity be at least $2,500,000 (the “Minimum Stockholders’ Equity Requirement”). As reported in its Form 10-Q, the Company’s
stockholders’ equity as of June 30, 2023 was approximately $2,106,000. The Staff’s notice has no immediate impact on the
listing of the Company’s common stock on Nasdaq.
In
accordance with the Nasdaq Listing Rules, the Company has 45 calendar days, or until October 2, 2023, to submit a plan to regain compliance
with the Stockholders’ Equity Requirement, which the Company plans to timely submit for the Staff’s consideration. If the
plan is accepted, the Staff may grant the Company an extension period of up to 180 calendar days from the date of the deficiency notice
(or through February 13, 2024) to regain compliance.
There
can be no assurance that the Staff will accept the Company’s plan to regain compliance with the Stockholders’ Equity Requirement,
or, if accepted, that the Company will evidence compliance with the Stockholders’ Equity Requirement during any extension period
that the Staff may grant. If the Staff does not accept the Company’s plan or if the Company is unable to regain compliance within
any extension period granted by the Staff, the Staff would be required to issue a delisting determination. The Company would at that
time be entitled to request a hearing before a Nasdaq Hearings Panel to present its plan to regain compliance and to request a further
extension period to regain compliance. The request for a hearing would stay any delisting action by the Staff.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
VIVOS
THERAPEUTICS, INC. |
|
|
Dated:
August 21, 2023 |
By: |
/s/
Bradford Amman |
|
Name: |
Bradford
Amman |
|
Title: |
Chief
Financial Officer |
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Document Period End Date |
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|
Entity File Number |
001-39796
|
Entity Registrant Name |
Vivos
Therapeutics, Inc.
|
Entity Central Index Key |
0001716166
|
Entity Tax Identification Number |
81-3224056
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
7921
Southpark Plaza
|
Entity Address, Address Line Two |
Suite 210
|
Entity Address, City or Town |
Littleton
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80120
|
City Area Code |
(866)
|
Local Phone Number |
908-4867
|
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Title of 12(b) Security |
Common
Stock, par value $0.0001 per share
|
Trading Symbol |
VVOS
|
Security Exchange Name |
NASDAQ
|
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Vivos Therapeutics (NASDAQ:VVOS)
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Vivos Therapeutics (NASDAQ:VVOS)
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