UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing |
On December 22, 2022, vTv Therapeutics Inc. (the “Company”) received a letter from The NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that it is not in compliance with the requirement of NASDAQ Rule 5550(a)(2) as a result of the closing bid price of the Company’s Class A common stock (“Class A Common Stock”) being below $1.00 per share for 30 consecutive business days. This notification has no effect on the listing of the Class A Common Stock on The NASDAQ Capital Market at this time.
In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until June 20, 2023, to regain compliance with NASDAQ Listing Rule 5550(a)(2). Compliance can be achieved and without further action by the Company if the closing bid price of the Class A Common Stock is at or above $1.00 per share for a minimum of 10 consecutive business days at any time during the 180-day period. If the Company does not regain compliance during such period, subject to an appeals process, the Class A Common Stock may be removed from The NASDAQ Capital Market.
The Company intends to monitor the closing bid price of its Class A Common Stock actively and is currently evaluating its available options to regain compliance with NASDAQ Listing Rule 5550(a)(2). There can be no assurance that the Company will regain compliance with the minimum bid price requirement or maintain compliance with any of the other NASDAQ continued listing requirements.
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.
| VTV THERAPEUTICS INC. | |||
| By: | /s/ Paul J. Sekhri | ||
| Name: | Paul J. Sekhri | ||
| Title: | Chief Executive Officer | ||
Dated: December 23, 2022