PolarityTE Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On June 30, 2023, PolarityTE, Inc. (the “Company”) was notified by the Nasdaq Stock Market (“Nasdaq”) that it will delist the common stock of the Company. As previously disclosed, the trading of the Company’s common stock was suspended on June 16, 2023 as a result of the Company’s voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Utah and in accordance with Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1. Nasdaq plans to file a Form 25 with the Securities and Exchange Commission in accordance with Rule 12d2-2 promulgated under the Securities Exchange Act of 1934, as amended, to complete the delisting. The delisting of the Company’s common stock will become effective ten days after the Form 25 is filed.
The Company’s common stock trades in the over-the-counter market. Transactions in the Company’s common stock are reported on the OTC Markets – Pink under the symbol “PTEIQ.”
SIGNATURES
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.
POLARITYTE, INC. | |
Dated: July 7, 2023 | /s/ Jacob Patterson |
Jacob Patterson | |
Chief Financial Officer |