Form 8-K - Current report
July 14 2023 - 4:05PM
Edgar (US Regulatory)
0001710072
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0001710072
2023-07-10
2023-07-10
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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):
July 10, 2023
Edgewise Therapeutics, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40236 |
|
82-1725586 |
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.) |
1715
38th St.
Boulder,
CO 80301
(Address of principal executive offices) (Zip Code)
(720)
262-7002
(Registrant’s telephone number, including
area code)
Not Applicable
(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):
¨ |
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, $0.0001 par value per share |
|
EWTX |
|
The
Nasdaq Global Select 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 x
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 July 10, 2023, Edgewise Therapeutics, Inc.
(the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (the “Nasdaq”) stating
that, as a result of the resignation of Kenneth Harrison, Ph.D. (the “Director Resignation”) from the Board of Directors of
the Company (the “Board”) and the Audit Committee of the Board (the “Audit Committee”), effective June 19, 2023
(as previously disclosed), the Company is no longer in compliance with the Nasdaq Listing Rule 5605, including the Nasdaq Listing Rule
5605(c)(2), which requires the Audit Committee to consist of at least three members, each of whom must be an independent director under
the Nasdaq Listing Rules and meet the heightened independence standards for audit committee members under the Nasdaq Listing Rules and
the Securities Exchange Act of 1934, as amended.
The Notice indicates that, consistent with the
Nasdaq Listing Rule 5605(c)(4), the Nasdaq is providing the Company a cure period to regain compliance as follows: (i) until the earlier
of the Company’s next annual shareholders’ meeting or June 19, 2024; or (ii) if the next annual shareholders’ meeting
is held before December 18, 2023, then the Company must evidence compliance no later than December 18, 2023. In the event the Company
does not regain compliance by this date, the Nasdaq Listing Rules require the Nasdaq’s Staff to provide written notification to
the Company that its securities will be delisted. At that time, the Company may appeal the delisting determination to a Hearings Panel.
Due to the vacancy on the Audit Committee that exists as a result of
the Director Resignation, the Company intends to rely on the cure period provided by the Nasdaq Listing Rule 5605(c)(4). The Company is
evaluating the appropriate membership and composition of its Board and Board committees and intends to regain compliance with the Nasdaq
Listing Rule 5605(c)(2) prior to the expiration of the applicable cure period granted under the Nasdaq Listing Rule 5605(c)(4).
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements
as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements in this Current Report on Form 8-K that are not purely historical are forward-looking statements. Such forward-looking statements
include, among other things, statements regarding the Company’s plans to regain compliance with the Nasdaq Listing Rules. Words
such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,”
“goal,” “potential” and similar expressions are intended to identify forward-looking statements. The forward-looking
statements contained herein are based upon Edgewise’s current expectations and involve assumptions that may never materialize or
may prove to be incorrect. Actual results could differ materially from those projected in any forward-looking statements due to numerous
risks and uncertainties, including but not limited to: Edgewise’s ability to make changes to its board and committee composition
to regain compliance with the Nasdaq Listing Rules. Information regarding the foregoing and additional risks may be found in the section
entitled “Risk Factors” in documents that Edgewise files from time to time with the Securities and Exchange Commission. These
forward-looking statements are made as of the date of this Current Report on Form 8-K, and Edgewise assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements,
except as required by law.
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.
|
|
Edgewise Therapeutics, Inc. |
|
|
|
Date: |
July 14, 2023 |
By: |
/s/ John R. Moore |
|
|
Name: |
John R. Moore |
|
|
Title: |
General Counsel |
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