Business Context and Reporting Period
Company: Greenland Mines Ltd (formerly Klotho Neurosciences, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: March 19, 2026
Reporting Period: Event-based report regarding Nasdaq compliance status.
Business Context: The Company is an emerging growth company incorporated in Delaware, with common stock (GRLM) and warrants (GRLMW) listed on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing is a current report regarding regulatory compliance and does not contain financial statements. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
Nasdaq Compliance Extension: On March 19, 2026, the Company received written notification from Nasdaq granting an additional six-month extension to regain compliance with the minimum bid price requirement (Nasdaq Listing Rule 5450(a)(1)).
Previous Status: The Company was previously notified on September 19, 2025, that its stock no longer met the $1.00 minimum bid price per share requirement and was granted an initial 180-day extension until March 18, 2026.
New Deadline: The Company must maintain a bid price of at least $1.00 per share for 10 consecutive business days by September 14, 2026.
Outlook, Risks, and Contingencies
- Delisting Risk: If the Company fails to regain compliance with the Bid Price Rule by September 14, 2026, its common stock will be subject to delisting from Nasdaq.
- Forward-Looking Statements: The filing includes standard disclaimers regarding forward-looking statements related to future commercial operations, noting that actual results may differ materially due to risks such as the inability to implement business plans or changes in the regulatory environment.
- Conditions: The extension is subject to additional conditions outlined in the Nasdaq Notice.
Investor Verification Checklist
- Verify the current trading price of GRLM to assess the likelihood of meeting the $1.00 bid price requirement within the new six-month window.
- Review the attached Press Release (Exhibit 99.1) for specific details on the Company's plan to regain compliance.
- Monitor future filings for any further notices from Nasdaq regarding compliance status or potential delisting proceedings.
- Confirm the Company's status as an emerging growth company and any associated reporting exemptions.