Form 8-K - Current report
2024年9月14日 - 5:30AM
Edgar (US Regulatory)
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0001680048
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2024-09-10
2024-09-10
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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):
September 10, 2024
Mustang Bio, Inc.
(Exact Name of Registrant as Specified in
Charter)
Delaware |
|
001-38191 |
|
47-3828760 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
377 Plantation Street
Worcester, Massachusetts 01605
(Address of Principal Executive Offices)
(781)
652-4500
(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 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 per share |
|
MBIO |
|
Nasdaq Capital 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). ¨
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.
As previously
disclosed, on May 16, 2024, the Staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC
(“Nasdaq”) granted Mustang Bio, Inc. (the “Company”) an extension through September 9, 2024, to regain compliance
with the $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq
Listing Rule 5550(b) (the “Rule”). The Company was unable to demonstrate compliance with the Rule by that date.
Accordingly,
on September 10, 2024, the Staff formally notified the Company that it had determined to delist the Company’s securities from Nasdaq
based upon the Company’s continued non-compliance with the Rule unless the Company timely requests a hearing before the Nasdaq Hearings
Panel (the “Panel”). The Company intends to timely request a hearing before the Panel, which request will stay any further
action by Nasdaq at least pending completion of the hearing and the expiration of any extension that may be granted by the Panel to the
Company following the hearing.
The Company
is considering all options available to it to regain compliance with the Rule; however, there can be no assurance that the Panel will
grant the Company’s request for continued listing or that the Company will be able to evidence compliance with the Rule within any
extension period that may be granted by the Panel.
Neither
the Staff’s notification nor the Company’s noncompliance with the Rule have an immediate effect on the listing or trading
of the Company’s common stock, par value $0.0001 per share, which will continue to trade on The Nasdaq Capital Market under the
symbol “MBIO.”
Forward-Looking
Statements
This
Current Report on Form 8-K contains predictive or “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of current or historical fact contained in this Current Report on
Form 8-K, including statements that express the Company’s intentions, plans, objectives, beliefs, expectations, strategies, predictions
or any other statements relating to the Company’s future activities or other future events or conditions, including its intention
to request a hearing before the Nasdaq Hearing Panel, its ability to regain or sustain compliance with Nasdaq’s stockholders’
equity requirement in a timely manner or at all, and its ability to maintain compliance with Nasdaq’s other continued listing standards,
are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“will,” “should,” “would” and similar expressions are intended to identify forward-looking statements.
These statements are based on current expectations, estimates and projections made by management about the Company’s business, its
industry and other conditions affecting the Company’s financial condition, results of operations or business prospects. These statements
are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed or forecasted in, or implied by, the forward-looking statements due
to numerous risks and uncertainties. Factors that could cause such outcomes and results to differ include, but are not limited to, those
risks discussed in the Company’s filings which it makes with the Securities and Exchange Commission. Any forward-looking statements
speak only as of the date on which they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking
statements to reflect events or circumstances that may arise after the date of this Current Report on Form 8-K, except as required by
applicable law. Investors should evaluate any statements made by the Company in light of these important factors.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
Mustang Bio, Inc. |
|
(Registrant) |
Date: September 13, 2024 |
|
|
By: |
/s/ Manuel Litchman, M.D. |
|
|
Manuel Litchman, M.D. |
|
|
President and Chief Executive Officer |
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