Report of Foreign Issuer (6-k)
July 12 2019 - 5:13PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
W
ashington,
D.C.
20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For
the month of July 2019
Commission
File Number: 001-37643
KITOV
PHARMA
LTD.
(Translation
of registrant’s name into English)
One
Azrieli Center, Round Tower,
132
Menachem Begin Road, Tel Aviv 6701101, Israel
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Kitov
Pharma Ltd. (the “Company” or the “Registrant”) is announcing that it received a letter from the
Nasdaq Listing Qualifications Department indicating that the Company does not meet the requirement of maintaining a minimum bid
price of $1 per share for its listed securities as set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules (the “Rules”). As
per Rule 5810(c)(3)(A), the Company can regain compliance with this requirement if at any time during a 180-day period ending
on January 6, 2020, the closing bid price for the Company’s ADSs is at least $1 per share for a minimum of ten consecutive
business days.
During
the 180-day compliance period, the Company’s ADSs will continue to be listed and traded on the Nasdaq Capital Market under
the symbol KTOV, and its ordinary shares will continue to be listed and traded on the Tel Aviv Stock Exchange under the same symbol. If
the closing bid price of the Company’s ordinary shares is at least $1 per share or more for ten consecutive business days
during the 180-day compliance period, the Company will receive written notification that it has achieved compliance with the minimum
bid price requirement and the Company's ADSs will continue to be listed and traded on the Nasdaq Capital Market.
In
the event the Company does not regain compliance during the 180-day period ending on January 6, 2020, the Company may be eligible
for additional time. To qualify, 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 The Nasdaq Capital Market, with the exception of the bid price requirement,
and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting
a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will then inform the Company that it
has been granted an additional 180 calendar days. However, if it appears to the Nasdaq that the Company will not be able to cure
the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company’s securities will
be subject to delisting.
The
Nasdaq letter does not affect the Company's listing on the Tel-Aviv Stock Exchange, where the Company's ordinary shares will continue
to be listed and traded under the symbol KTOV with
On
July 12, 2019, the Company issued a press release
“
Kitov Receives Nasdaq Notification Regarding Minimum Bid Requirements
” which is attached hereto as Exhibit
99.1.
This
Form 6-K, which is being furnished in accordance with Rule 5810(b) of the Rules, is incorporated by reference into each of the
Registrant’s Registration Statements on Form F-3 filed with the Securities and Exchange Commission on December 12, 2016
(Registration file numbers
333-207117
,
333-211477
and
333-215037
), the Registrant’s Registration Statement on
Form S-8
filed
with the Securities and Exchange Commission on May 20, 2016 (Registration file number 333-211478), the Registrant’s Registration
Statement on
Form S-8
filed with the Securities and Exchange Commission on June 6, 2017 (Registration file number 333-218538),
the Registrant’s Registration Statement on
Form F-3
, as amended, originally filed with the Securities and Exchange Commission
on July 16, 2018 (Registration file number 333-226195), and the Registrant’s Registration Statement on
Form S-8
filed with
the Securities and Exchange Commission on March 28, 2019 (Registration file number 333-230584).
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, thereunto duly authorized.
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KITOV PHARMA LTD.
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July 12
, 2019
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By:
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/s/ Isaac Israel
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Isaac Israel
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CEO & Director
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2
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