Form 8-K - Current report
2023年11月30日 - 8:04PM
Edgar (US Regulatory)
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0001034842
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2023-11-27
2023-11-27
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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): November 27, 2023
RIGEL PHARMACEUTICALS, INC.
(Exact name of registrant as specified in
its charter)
Delaware
(State or other jurisdiction of incorporation)
0-29889 |
|
94-3248524 |
(Commission File No.) |
|
(IRS Employer Identification No.) |
|
|
|
611 Gateway Boulevard |
|
|
Suite 900 |
|
|
South San Francisco, CA |
|
94080 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (650) 624-1100
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))
Title of Each Class |
|
Trading
Symbol(s) |
|
Name of Each Exchange on
Which Registered |
Common Stock, par value $0.001 per share |
|
RIGL |
|
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 (§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 November 27, 2023,
Rigel Pharmaceuticals, Inc. (“Rigel”) received a deficiency letter from the Listing Qualifications Department (the “Staff”)
of the Nasdaq Stock Market LLC (“Nasdaq”) notifying Rigel that, for the last 30 consecutive business days, the bid price for
Rigel’s common stock, par value $0.001 per share (the “Common Stock”), closed below the $1.00 per share minimum bid
price requirement for continued inclusion on the Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the
“Bid Price Requirement”).
In accordance with Nasdaq
Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”), Rigel has been provided a period of 180 calendar days,
or until May 28, 2024 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. If, at any time before
the Compliance Date, the bid price for the Common Stock closes at $1.00 or more for a minimum of 10 consecutive business days, as required
under the Compliance Period Rule, the Staff will provide written notification to Rigel that it has regained compliance with the Bid Price
Requirement.
If Rigel does not regain
compliance with the Bid Price Requirement by the Compliance Date, Rigel may be eligible for an additional 180 calendar day compliance
period. To qualify, Rigel will be required to transfer to the Nasdaq Capital Market and meet the continued listing requirement for market
value of its 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 180 calendar day
compliance period, by effecting a reverse stock split, if necessary.
If Rigel does not regain
compliance with the Bid Price Requirement by the Compliance Date and is not eligible for an additional compliance period at that time,
or the Staff concludes that Rigel will not be able to cure the deficiency during the additional compliance period, the Staff will provide
written notification to Rigel that its Common Stock will be subject to delisting. At that time, Rigel may appeal the Staff’s delisting
determination to a Nasdaq Hearings Panel. However, there can be no assurance that such appeal would be successful.
The notification received
has no immediate effect on Rigel’s Nasdaq listing. Rigel’s Common Stock will continue to trade on Nasdaq under the symbol
“RIGL” at this time.
Rigel intends to monitor
the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price
Requirement, which could include seeking to effect a reverse stock split. However, there can be no assurance that Rigel will be able to
regain compliance with the Bid Price Requirement.
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.
Dated: November 30, 2023 |
RIGEL PHARMACEUTICALS, INC. |
|
|
|
By: |
/s/ Ray Furey, J.D. |
|
|
Ray Furey, J.D. |
|
|
Executive Vice President, General Counsel and Corporate
Secretary |
v3.23.3
Cover
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Nov. 27, 2023 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Nov. 27, 2023
|
Entity File Number |
0-29889
|
Entity Registrant Name |
RIGEL PHARMACEUTICALS, INC.
|
Entity Central Index Key |
0001034842
|
Entity Tax Identification Number |
94-3248524
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
611 Gateway Boulevard
|
Entity Address, Address Line Two |
Suite 900
|
Entity Address, City or Town |
South San Francisco
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
94080
|
City Area Code |
650
|
Local Phone Number |
624-1100
|
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Pre-commencement Issuer Tender Offer |
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Title of 12(b) Security |
Common Stock, par value $0.001 per share
|
Trading Symbol |
RIGL
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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Rigel Pharmaceuticals (NASDAQ:RIGL)
過去 株価チャート
から 4 2024 まで 5 2024
Rigel Pharmaceuticals (NASDAQ:RIGL)
過去 株価チャート
から 5 2023 まで 5 2024