Current Report Filing (8-k)
June 24 2022 - 4:32PM
Edgar (US Regulatory)
0001605888
false
MA
0001605888
2022-06-21
2022-06-21
0001605888
SQL:CommonStockParValue.0001PerShareMember
2022-06-21
2022-06-21
0001605888
SQL:WarrantsToPurchaseCommonStockMember
2022-06-21
2022-06-21
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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)
June 21, 2022
SEQLL INC.
(Exact name of registrant as specified in charter)
Delaware |
|
001-40760 |
|
46-5319744 |
(State or other Jurisdiction of
Incorporation or Organization) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
3 Federal Street
Billerica, Massachusetts |
|
01821 |
(Address of Principal Executive Offices) |
|
(zip code) |
(781) 460-6016
(Registrant’s telephone number, including area code)
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:
| ☐ | 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(b)) |
| ☐ | 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 $.0001 per share |
|
SQL |
|
The Nasdaq Stock Market LLC |
|
|
|
|
|
Warrants to purchase Common Stock |
|
SQLLW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
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 June 21, 2022, SeqLL Inc..
(“SeqLL” or the “Company”), received a written notice (the “Notice”) from the Nasdaq Stock Market
LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for
common shares were below $1.00 per share for the last 30 consecutive business days.
On June 24, 2022, the Company
issued a press release announcing that it had received the Notice, which is attached as Exhibit 99.1 to this Current Report and is furnished
herewith.
Pursuant to Nasdaq Listing
Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until December 18, 2022, to regain compliance
with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s common shares must meet or
exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period.
If the Company is not in compliance
by December 18, 2022, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the
Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing
standards for Nasdaq with the exception of the minimum bid price requirement and will need to provide written notice of its intention
to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s),
including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common shares will be subject
to delisting.
The Company intends to monitor the closing
bid price of its common shares between now and December 18, 2022 and intends to consider available options to cure the deficiency and
regain compliance with the minimum bid price requirement within the compliance period. The Company’s common shares will continue
to be listed and trade on the Nasdaq Capital Market during this period, unaffected by the receipt of the written notice from Nasdaq.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits:
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: June 24, 2022 |
SEQLL INC. |
|
|
|
By: |
/s/ Daniel Jones |
|
|
Daniel Jones |
|
|
Chief Executive Officer
|
2
SeqLL (NASDAQ:SQL)
Historical Stock Chart
From Mar 2024 to Apr 2024
SeqLL (NASDAQ:SQL)
Historical Stock Chart
From Apr 2023 to Apr 2024