Qualigen Therapeutics 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 July 16, 2024, Qualigen Therapeutics, Inc. (the “Company”) attended a hearing before the Nasdaq Hearings Panel (the “Panel”)regarding the Company’s potential delisting from The Nasdaq Stock Market due to non-compliance with the bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) and the shareholder equity requirement pursuant to Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”) or any of the alternative requirements pursuant to Nasdaq Listing Rule 5550(b). On August 2, 2024, the Company received the Panel decision which granted the Company until October 31, 2024 to regain compliance with the Bid Price Rule and the Equity Rule. If the Company is unable to regain compliance with the listing standards of the Nasdaq Capital Market by October 31, 2024, the Company’s securities may be delisted from The Nasdaq Stock Market.
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.
| QUALIGEN THERAPEUTICS, INC. | ||
| Date: August 5, 2024 | By: | /s/ Michael S. Poirier |
| Michael S. Poirier, Chief Executive Officer | ||