Form 8-K - Current report
February 09 2024 - 8:05AM
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0000890821
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2024-02-06
2024-02-06
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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
February
6, 2024
Date
of Report (Date of earliest event reported)
Enveric
Biosciences, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38286 |
|
95-4484725 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
Enveric
Biosciences, Inc.
4851
Tamiami Trail N, Suite 200
Naples,
FL 34103
(Address
of principal executive offices) (Zip code)
Registrant’s
telephone number, including area code: (239) 302-1707
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:
☐ |
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 $0.01 per share |
|
ENVB |
|
The
Nasdaq Stock Market |
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
February 6, 2024, the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”)
notified Enveric Biosciences, Inc. (the “Company”) that based on the Staff’s review of materials submitted by the Company
to Nasdaq, the Staff determined to grant the Company an extension to regain compliance with the minimum stockholders’ equity requirement
of at least $2,500,000 as set forth in Nasdaq Listing Rule 5550(b)(1) for continued listing on the Nasdaq Capital Market (the “Stockholders’
Equity Requirement”).
The
deficiency with respect to the Company’s compliance with the Stockholders’ Equity Requirement was disclosed in the Company’s
Current Report on Form 8-K filed by the Company on November 22, 2023. In the event the Company does not regain and evidence compliance
with the Stockholders’ Equity Requirement by May 20, 2024, the Staff will provide written notification to the Company that its
securities may be subject to delisting. Further, if the Company fails to evidence compliance upon filing its periodic report for June
30, 2024 with the Securities and Exchange Commission and Nasdaq, the Company may be subject to delisting. At that time, the Company may
appeal the Staff’s determination to a Hearings Panel.
The
Company plans to regain and evidence compliance with the Stockholders’ Equity Requirement by the required deadlines.
Forward-Looking
Statements
This
Current Report on Form 8-K contains forward-looking statements and forward-looking information within the meaning of applicable securities
laws. These statements relate to future events or future performance. Generally, forward-looking statements and information may be identified
by the use of forward-looking terminology such as “plans,”“ expects” or “does not expect,” “proposed,”
“budgets,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates”
or “does not anticipate,” or “believes,” or variations of such words and phrases, or by the use of words or phrases
which state that certain actions, events or results may, could, would, or might occur or be achieved. Forward-looking statements may
include historical statements and statements regarding beliefs, plans, expectations, or intentions regarding the future and are based
on the beliefs of management as well as assumptions made by and information currently available to management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result of various factors. Although the Company believes that
the expectations reflected in the forward-looking statements are reasonable based on information currently available, the Company cannot
assure you that the expectations will prove to have been correct. Accordingly, you should not place undue reliance on these forward-looking
statements. In any event, these statements speak only as of the date of this Current Report on Form 8-K. The parties undertake no obligation
to revise or update any of the forward-looking statements to reflect events or circumstances after the date of this Current Report on
Form 8-K or to reflect new information or the occurrence of unanticipated events.
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.
Date:
February 9, 2024 |
ENVERIC
BIOSCIENCES, INC. |
|
|
|
|
By: |
/s/
Joseph Tucker |
|
|
Joseph
Tucker, Ph.D. |
|
|
Chief
Executive Officer |
v3.24.0.1
Cover
|
Feb. 06, 2024 |
Cover [Abstract] |
|
Document Type |
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Amendment Flag |
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|
Document Period End Date |
Feb. 06, 2024
|
Entity File Number |
001-38286
|
Entity Registrant Name |
Enveric
Biosciences, Inc.
|
Entity Central Index Key |
0000890821
|
Entity Tax Identification Number |
95-4484725
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
Enveric
Biosciences, Inc.
|
Entity Address, Address Line Two |
4851
Tamiami Trail N
|
Entity Address, Address Line Three |
Suite 200
|
Entity Address, City or Town |
Naples
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
34103
|
City Area Code |
(239)
|
Local Phone Number |
302-1707
|
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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|
Title of 12(b) Security |
Common
stock, par value $0.01 per share
|
Trading Symbol |
ENVB
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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