Home Stock list ELECTROCORE, INC. : Notice of expungement or non-compliance with a continuing registration rule or standard; Transfer of Registration, Financial Statements and Exhibits (Form 8-K)

ELECTROCORE, INC. : Notice of expungement or non-compliance with a continuing registration rule or standard; Transfer of Registration, Financial Statements and Exhibits (Form 8-K)

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Section 3.01 Notice of Cancellation or Non-Compliance with a Rule or Standard for Maintaining Listing; Registration transfer.

On June 22, 2022electroCore, Inc. (the “Company”) has received approval (the “Approval”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Exchange (the “Nasdaq”) that the Company’s application to transfer the listing of its common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market has been approved. The common shares will be transferred to the Nasdaq Capital Market at the opening of business on June 23, 2022. The common shares will continue to trade under the symbol “ECOR”. The Nasdaq Capital Market operates essentially the same way as the Nasdaq Global Select Market, and listed companies must meet certain financial requirements and comply with Nasdaq’s corporate governance requirements.

As stated earlier, on December 20, 2021the company received a letter from Nasdaq stating that the company was not in compliance with Nasdaq listing rule 5450(a)(1) because the closing bid price per share for the company’s common stock had fenced below $1.00 for the previous 30 consecutive business days (the “Bid Price Rule”). The Company was given until June 20, 2022to regain compliance with the rule.

In response, the company filed an application to transfer the listing of its common stock from the Nasdaq Global Select Market to the Nasdaq Capital Market. Following the approval, the company was granted an additional grace period of 180 days, or until December 19, 2022, to regain compliance with the bid price rule. To regain compliance with the bid price rule and qualify for continued listing on the Nasdaq Capital Markets, the minimum bid price per common share of the company must be at least $1.00 for at least 10 consecutive working days at the latest December 19, 2022. If the Company fails to return to compliance during the additional compliance period, Nasdaq will notify the Company of its decision to delist the Company’s common stock, in which case the Company will have an opportunity to appeal the deregistration decision with a Nasdaq Listing Qualifications Panel (the “Panel”), but there can be no assurance that the Panel will accept the Company’s request for continued listing. As a condition of the approval imposed by Nasdaq Listing Rule 5810(c)(3)(a)(i), the Company has notified Nasdaq that it will seek to implement a reverse stock split. , if necessary, to restore compliance with the offer price. To reign.

The company’s press release is attached as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial statements and supporting documents.



(d) Exhibits.



Exhibit No.   Description of Exhibit

99.1            Press release dated June 23, 2022.

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