Current Report Filing (8-k)
December 10 2021 - 4:03PM
Edgar (US Regulatory)
0001041024
false
0001041024
2021-12-09
2021-12-09
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
December 9, 2021
Date of Report
(Date of earliest event reported)
Rockwell Medical, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
|
000-23661
|
38-3317208
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
30142
S. Wixom Avenue, Wixom, Michigan
48393
(Address of principal executive offices, including
Zip Code)
(248) 960-9009
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K 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 $0.0001
|
|
RMTI
|
|
Nasdaq Global 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 December 9, 2021, Rockwell Medical, Inc. (the
“Company”) received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s
application to transfer its listing venue from The Nasdaq Global Market to The Nasdaq Capital Market for its common stock had been approved.
The Company’s common stock commenced trading on The Nasdaq Capital Market at the opening of business on December 10, 2021 under
the symbol “RMTI.”
As previously reported, on June 11, 2021, the
Company received written notice (the “Notification Letter”) from Nasdaq notifying the Company that it is not in compliance
with the minimum bid price requirements set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Market.
Nasdaq Listing Rule 5450(a)(1) requires listed securities maintain a minimum closing bid price of $1.00 per share, and Nasdaq Listing
Rule 5810(c)(3)(A) provides that a failure to meet the minimum closing bid price requirement exists if the deficiency continues for a
period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business
days prior to the date of the Notification Letter, the Company did not meet the minimum closing bid price requirement.
On December 9, 2021, the Company received written
notice that Nasdaq has determined the Company is eligible for an additional 180-day extension (the “Extension Letter”), or
until June 6, 2022, to regain compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued
listing on The Nasdaq Capital Market. The Extension Letter does not impact the Company’s listing on The Nasdaq Capital Market at
this time. To regain compliance, the closing bid price of the Company’s common stock must be at least $1.00 per share for a minimum
of 10 consecutive business days at any time prior to June 6, 2022.
SIGNATURE
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.
|
ROCKWELL MEDICAL, INC.
|
|
|
|
Date: December 10, 2021
|
By:
|
/s/ Russell Ellison
|
|
Name:
|
Russell Ellison
|
|
Title:
|
Chief Executive Officer
|
Rockwell Medical (NASDAQ:RMTI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rockwell Medical (NASDAQ:RMTI)
Historical Stock Chart
From Apr 2023 to Apr 2024