Item 8.01 Other Events.
On January 16, 2020, Advaxis, Inc. (the "Advaxis") received written notice from
the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq")
indicating that Advaxis has regained compliance with Nasdaq Listing Rule
5450(a)(1). According to the notice, Nasdaq's Staff determined that for 10
consecutive business days, from January 2 to January 15, 2020, the closing bid
price of Advaxis' common stock has been at $1.00 per share or greater. Also on
January 16, 2020, Advaxis received written notice from the Nasdaq's Listing
Qualifications Department indicating that Advaxis has regained compliance with
Nasdaq Listing Rule 5450(b)(1)(C). According to the notice, Nasdaq's Staff
determined that from December 24, 2019 to January 15, 2020, Advaxis' Market
Value of Publicly Held Shares ("MVPHS") has been $5,000,000 or greater. Nasdaq's
Staff indicates in both notifications that the matters are now closed.
As previously reported in a Current Report on Form 8-K filed on September 6,
2019, Advaxis had received written notice from the Nasdaq's Listing
Qualifications Department on September 3, 2019 indicating that Advaxis was not
in compliance with Nasdaq Listing Rule 5450(a)(1) because the closing bid price
for Advaxis' common stock had closed below $1.00 per share for the 30
consecutive business days preceding the date of the notification. As also
previously reported in a Current Report on Form 8-K filed on September 13, 2019,
Advaxis had received written notice from the Nasdaq's Listing Qualifications
Department on September 11, 2019 indicating that Advaxis was not in compliance
with Nasdaq Listing Rule 5450(b)(1)(C) because Advaxis' MVPHS had been below
$5,000,000 for the 30 consecutive business days preceding the date of the
notification. The notifications of noncompliance had no immediate effect on the
listing or trading of Advaxis common stock on the Nasdaq Global Select Market
under the symbol "ADXS."
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