Business Context and Reporting Period
This Form 8-K is filed by Neuralstem, Inc. (trading symbol: CUR) on June 3, 2019, reporting an event that occurred on May 29, 2019. The company is incorporated in Delaware and its securities are listed on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes
On May 29, 2019, Neuralstem, Inc. received a notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC indicating non-compliance with the $1.00 minimum bid price requirement as of May 28, 2019. This follows a previous notice issued on November 29, 2018, which granted the company 180 calendar days to regain compliance.
Outlook, Risks, and Management Commentary
- Delisting Risk: Nasdaq has determined to delist the Company's securities unless a timely hearing request is filed.
- Management Action: The Company intends to request a hearing before the Nasdaq Hearings Panel. This request will automatically stay further delisting action pending the hearing process.
- Remediation Plan: At the hearing, the Company plans to present a strategy to regain compliance with the $1.00 bid price requirement and request an extension of time to do so.
Investor Verification Checklist
- Verify the current trading price of Neuralstem, Inc. (CUR) to assess the severity of the bid price deficiency.
- Monitor the status of the hearing request with the Nasdaq Hearings Panel and the outcome of the proceedings.
- Review the Company's specific plan to regain compliance, which may include stock splits or other capital structure changes.
- Check for any subsequent filings regarding the extension of time granted by Nasdaq, if applicable.