Form 8-K - Current report
October 20 2023 - 9:00AM
Edgar (US Regulatory)
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2023-10-19
2023-10-19
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): October 19, 2023
NOTABLE
LABS, LTD.
(Exact
name of registrant as specified in charter)
Israel |
|
001-36581 |
|
Not
Applicable |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
|
320
Hatch Drive |
|
|
Foster
City, California |
|
|
|
94404 |
(Address
of principal executive offices) |
|
|
|
(Zip
Code) |
Registrant’s telephone number, including area code: (415) 851-2410
N/A
(Former
name or former address, if changed since last report)
Securities
registered or to be registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Ordinary
Shares, par value NIS 0.35 each |
|
NTBL |
|
The
Nasdaq Capital Market |
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)) |
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
8.01 Other Events.
Regaining
Compliance with Nasdaq Listing Rules
On
October 19, 2023, Notable Labs, Ltd. (the “Company”) received a written notification
from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has demonstrated compliance with Nasdaq’s initial
listing requirements, including the bid price requirement with respect to the Company’s ordinary shares, and that, accordingly,
Nasdaq considers the prior outstanding minimum bid price deficiency matter described below to be closed.
Prior
Background
As
previously disclosed, the Company (then known as Vascular Biogenics Ltd.) had received
a letter (the “Notice”) from Nasdaq on August 31, 2022, indicating that Nasdaq had determined that the Company no longer
met the minimum bid price requirement of Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”), as the
minimum closing bid price for the Company’s ordinary shares was less than $1.00 for the previous 30 consecutive business days.
The Notice provided that the Company may consider applying to transfer the listing of its ordinary shares to The Nasdaq Capital
Market and following such transfer, under Nasdaq Listing Rule 5810(c)(3)(A)(ii), the Company may be eligible for an additional 180
calendar day compliance period.
Subsequently,
on March 2, 2023, the Company transferred its listing to The Nasdaq Capital Market and was provided an additional 180 calendar day compliance
period, or until August 28, 2023, to demonstrate compliance with Nasdaq Listing Rule 5550(a)(2).
On
August 29, 2023, the Company was notified by Nasdaq that it had not regained compliance with the Minimum Bid Price Requirement. In anticipation of the pending merger
transaction with Notable Labs, Inc., the Company
timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”), which had stayed the suspension of the Company’s
ordinary shares pending the Panel’s conclusion of the hearing process.
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.
|
|
NOTABLE LABS, LTD. |
|
|
|
|
Date: |
October
20, 2023 |
By: |
/s/
Dr. Thomas A. Bock |
|
|
Name: |
Dr.
Thomas A. Bock
|
|
|
Title:
|
Chief Executive Officer |
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