Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard? Transfer of Listing.
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The Notice states that, under Nasdaq rules, the Company has 60 calendar days to submit to Nasdaq a plan (the "Plan") to regain compliance with Nasdaq's continued listing requirements (the "Plan Deadline"). If the Plan is accepted, Nasdaq may grant an extension of up to 180 calendar days to regain compliance. The Company can also regain compliance with Nasdaq's continued listing requirements at any time prior to the Plan Deadline by filing the Form 10-K, along with any subsequent periodic reports that may become due, and by continuing to comply with Nasdaq's other continued listing requirements. The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
The Company intends to file the Form 10-K as soon as practicable and prior to the Plan Deadline? however, no assurance can be given as to the definitive date on which the Form 10-K will be filed.
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Forward Looking Statements
This report contains forward-looking statements. Any statements other than statements of historical fact could be deemed to be forward-looking statements. These forward-looking statements include, among other things, statements regarding the expected timing for the filing of the Form 10-K and the Company's ability to regain compliance with Nasdaq's requirements for continued listing. These statements are subject to risks and uncertainties, and actual results may differ materially from these statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press Release datedApril 21, 2023 issued byQualigen Therapeutics, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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