Gain Therapeutics Inc. filed SEC Form 8-K: Other Events
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| Item 8.01 | Other Events. |
On October 21, 2024, Gain Therapeutics, Inc. (the “Company”) received a letter from the listing qualifications department staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Staff had determined that the Company had regained compliance with the minimum Market Value of Listed Securities (“MVLS”) of $50 million required for continued listing on The Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Requirement”), and the Company is therefore in compliance with all Nasdaq Global Market listing requirements and the matter is now closed.
As previously reported in a Current Report on Form 8-K filed on July 12, 2024, the Company had received written notice from the Staff on July 11, 2024 indicating that the Company was not in compliance with the MVLS Requirement because the market value of the Company’s listed securities was less than $50.0 million for the previous 30 consecutive business days. The Company had a period of 180 calendar days, or until January 7, 2025, to regain compliance with the MVLS Requirement.
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.
| Date: October 21, 2024 | Gain Therapeutics, Inc. | |
| By: | /s/ Gene Mack | |
| Name: | Gene Mack | |
| Title: | Interim Chief Executive Officer and Chief Financial Officer | |