Form 8-K - Current report
25 Luglio 2024 - 2:00PM
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2024-07-19
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 19, 2024
CERO THERAPEUTICS HOLDINGS, INC.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40877 |
|
87-1088814 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
201 Haskins Way, Suite 230,
South San Francisco, CA |
|
94080 |
(Address of principal executive offices) |
|
(Zip Code) |
(650) 407-2376
Registrant’s telephone number, including
area code
Not applicable
(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 |
|
CERO |
|
NASDAQ Global Market |
Warrants, each whole warrant exercisable for one share of common stock |
|
CEROW |
|
NASDAQ Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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 July 19, 2024, CERo
Therapeutics Holdings, Inc., a Delaware corporation (the “Company”), received a letter (the “Bid
Price Requirement Letter”) from the staff at The Nasdaq Global Market (“Nasdaq”) notifying the
Company that, for the 30 consecutive trading days prior to the date of the Bid Price Requirement Letter, the closing bid price for the
Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Global Market set
forth in Nasdaq Listing Rule 5450(a)(1), which is required for continued listing of the Company’s common stock on Nasdaq (the “Bid
Price Requirement”).
On July 19, 2024, the
Company, also received a letter (the “MVPHS Letter” and together with the Bid Price Requirement Letter, the
“Letters”) from Nasdaq notifying the Company that the “Market Value of Publicly Held Shares” (the
“MVPHS”) of its common stock had been below the minimum of $15,000,000 for the last 30 consecutive business
days prior to the date of the MVPHS Letter, which is required for continued listing of the Company’s common stock on Nasdaq (the
“MVPHS Requirement” and, together with the Bid Price Requirement, the “Requirements”).
The Letters are only
notifications of deficiency, not of imminent delisting, and have no current effect on the listing or trading of the Company’s securities
on Nasdaq.
In accordance with Nasdaq
listing rules 5810(c)(3)(C) and 5810(c)(3)(D), respectively, the Company has 180 calendar days, or until January 15, 2025, to regain compliance
with the Requirements. To regain compliance with the Bid Price Requirement,
the bid price of the Company’s common stock must close at $1.00 per share or more for a minimum of ten consecutive business days.
To regain compliance with the MVPHS Requirement, the Company’s common stock must trade at or above a level such that the
Company’s MVPHS closes at or above $15,000,000 for a minimum of ten consecutive business days. If the Company does not regain compliance
with the Bid Price Requirement by January 15, 2025, the Company may be afforded a second 180 calendar day period to regain compliance.
To qualify, the Company would be required to meet the MVPHS Requirement and all other initial listing standards for The Nasdaq Global
Market, except for the Bid Price Requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency
during the second compliance period.
The Company intends to
actively monitor the closing bid price for its common stock and its MVPHS between now and January 15, 2025, and may, if appropriate, evaluate
available options to resolve these deficiencies and regain compliance with the Requirements. While the Company is exercising diligent
efforts to maintain the listing of its securities on Nasdaq, there can be no assurance that the Company will be able to regain or maintain
compliance with Nasdaq listing standards.
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.
Dated: July 25, 2024 |
CERO THERAPEUTICS HOLDINGS, INC. |
|
|
|
By: |
/s/ Brian G. Atwood |
|
Name: |
Brian G. Atwood |
|
Title: |
Chief Executive Officer |
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v3.24.2
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Jul. 19, 2024 |
Document Type |
8-K
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Amendment Flag |
false
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Document Period End Date |
Jul. 19, 2024
|
Entity File Number |
001-40877
|
Entity Registrant Name |
CERO THERAPEUTICS HOLDINGS, INC.
|
Entity Central Index Key |
0001870404
|
Entity Tax Identification Number |
87-1088814
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
201 Haskins Way
|
Entity Address, Address Line Two |
Suite 230
|
Entity Address, City or Town |
South San Francisco
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
94080
|
City Area Code |
650
|
Local Phone Number |
407-2376
|
Written Communications |
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Soliciting Material |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Common stock, par value $0.0001 per share |
|
Title of 12(b) Security |
Common stock, par value $0.0001 per share
|
Trading Symbol |
CERO
|
Security Exchange Name |
NASDAQ
|
Warrants, each whole warrant exercisable for one share of common stock |
|
Title of 12(b) Security |
Warrants, each whole warrant exercisable for one share of common stock
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Trading Symbol |
CEROW
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Security Exchange Name |
NASDAQ
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