vTv Therapeutics Inc.
12/12/2023 | Press release | Distributed by Public on 12/12/2023 15:22
Material Event - Form 8-K
Item 8.01 Other Events
On December 11, 2023, Nasdaq notified vTv Therapeutics, Inc. (the "Company") that, as of December 8, 2023, the Company had regained compliance with the requirement that the bid price for the Company's common stock close above $1.00 per share (the "Minimum Bid Requirement"). Nasdaq's notice provided that because the Company had regained compliance with the Minimum Bid Requirement, the listing of the Company's common stock on the Nasdaq Capital Market would continue.
As previously disclosed, on December 22, 2022 the Company received a deficiency letter from Nasdaq that notified the Company that it was not in compliance with the Minimum Bid Requirement because the price of its common stock had closed below $1.00 for 30 consecutive business days and that it had 180 days to regain compliance with the Minimum Bid Requirement. On July 17, 2023, a Nasdaq Hearing Panel notified the Company that it had approved the Company's request to extend the period for the Company to regain compliance with the Minimum Bid Requirement until December 18, 2023. On November 20, 2023, the Company effected a reverse stock split as disclosed in a Current Report on Form 8-K filed on November 20, 2023, in compliance with the terms of the extension received from the Nasdaq Hearing Panel.