Current Report Filing (8-k)
22 January 2022 - 08:32AM
Edgar (US Regulatory)
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2022-01-18
2022-01-18
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January
18, 2022
Aditxt, Inc.
(Exact name of registrant as specified in its charter)
Delaware
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001-39336
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82-3204328
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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737 N. Fifth Street, Suite 200 Richmond, VA
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23219
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (650) 870-1200
N/A
(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 (see General
Instruction A.2. below):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001
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ADTX
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 January 18, 2022, Aditxt, Inc. (the “Company”)
was notified (the “Notification Letter”) by The Nasdaq Stock Market, LLC (“Nasdaq”) that it is not in compliance
with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital
Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share,
and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the
deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock
between December 1, 2021 and January 14, 2022, the Company no longer meets the minimum bid price requirement. The Notification Letter
has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market and, at this
time, the common stock will continue to trade on The Nasdaq Capital Market under the symbol “ADTX.”
The Notification Letter provides that the Company
has 180 calendar days, or until July 18, 2022, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the
bid price of the Company's common stock must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business
days. If the Company does not regain compliance by July 18, 2022, an additional 180 days may be granted to regain compliance, so
long as the Company meets The Nasdaq Capital Market continued listing requirements (except for the bid price requirement) and
notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance period. If the Company does
not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will
notify the Company of its determination to delist the Company's common stock, at which point the Company will have an opportunity to appeal
the delisting determination to a Hearings Panel.
The Company intends to monitor the closing bid
price of its common stock and will consider implementing available options to regain compliance with the minimum bid price
requirement under the Nasdaq Listing Rules.
Item 8.01 Other Events.
On January
18, 2022, the Company hosted an online business update townhall meeting. A copy of the transcript of the meeting is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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.
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ADITXT, INC.
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Date: January 21, 2022
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By:
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/s/ Corinne Pankovcin
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Corinne Pankovcin
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President
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