Form 8-K - Current report
September 08 2023 - 4:10PM
Edgar (US Regulatory)
0001937993
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0001937993
2023-09-06
2023-09-06
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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):
September 6, 2023
Cadrenal Therapeutics, Inc.
(Exact name of registrant as specified in charter)
Delaware |
|
001-41596 |
|
88-0860746 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
822 A1A North, Suite 306
Ponte Vedra, Florida 32082
(Address of principal executive offices and zip
code)
(904) 300-0701
(Registrant’s telephone number including
area code)
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 registrant under any of the following provisions (see General
Instruction A.2. below):
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12(b) 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 Symbols |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
|
CVKD |
|
The Nasdaq Stock Market LLC
(Nasdaq Capital Market) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in 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 checkmark
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 September 6, 2023, Cadrenal
Therapeutics, Inc. (the “Company”) received a letter from The Nasdaq Stock Market (“Nasdaq”) stating that
the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”), requiring listed securities to maintain
a minimum bid price of $1.00 per share because the Company’s closing bid price for the last 30 consecutive business days was below
$1.00 per share. The notification received has no immediate effect on the Company’s continued listing on the Nasdaq Capital Market, subject
to the Company’s compliance with the other continued listing requirements.
Pursuant to the Rule, the Company
has 180 calendar days (until March 4, 2024), to regain compliance with the Nasdaq Listing Rules (the “Compliance Period”).
To regain compliance, our closing bid price must be at least $1.00 for a minimum of ten consecutive business days at any time during the
Compliance Period. In the event the Company does not regain compliance within the Compliance Period, the Company may be granted an additional
180 calendar days to comply with the Rule. In the event the Company fails to regain compliance with the Rule and Nasdaq provides notice
that the Company’s common stock is subject to delisting, the Company will have the right to a hearing before Nasdaq’s Hearing
Panel.
The Company intends to monitor
the closing bid price of its common stock and, if appropriate, consider further available options to regain compliance with the Rule,
including effecting a reverse stock split, if necessary.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following
exhibits are furnished with this Current Report on Form 8-K:
Exhibit
Number |
|
Exhibit Description |
|
|
|
104 |
|
Cover Page Interactive Data File (the cover page XBRL tags are embedded within in the inline XBRL document) |
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.
Dated: September 8, 2023 |
CADRENAL THERAPEUTICS, INC. |
|
|
|
By: |
/s/ Quang Pham |
|
Name: |
Quang Pham |
|
Title: |
Chairman and Chief Executive Officer |
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Sep. 06, 2023 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Sep. 06, 2023
|
Entity File Number |
001-41596
|
Entity Registrant Name |
Cadrenal Therapeutics, Inc.
|
Entity Central Index Key |
0001937993
|
Entity Tax Identification Number |
88-0860746
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
822 A1A North
|
Entity Address, Address Line Two |
Suite 306
|
Entity Address, City or Town |
Ponte Vedra
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
32082
|
City Area Code |
904
|
Local Phone Number |
300-0701
|
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Title of 12(b) Security |
Common Stock, par value $0.001 per share
|
Trading Symbol |
CVKD
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Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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