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Nasdaq delist move leaves COSCIENS Biopharma (NASDAQ: CSCI) on TSX

Filing Impact
(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

COSCIENS Biopharma Inc. filed a report describing a press release that covers its second quarter 2025 financial results and a strategic initiatives update. The company plans to voluntarily delist its shares from the Nasdaq Capital Market while keeping its listing on the Toronto Stock Exchange, meaning trading in the United States would move off Nasdaq but the shares would remain listed in Canada. The report also incorporates the press release into several existing Form S-8 registration statements for employee equity plans. Extensive forward-looking statements highlight uncertainties around the company’s technologies, products, business strategy, discontinued research programs, facilities, clinical studies, financial resources, and overall outlook, and direct readers to previously disclosed risk factors in its latest Form 20-F.

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Insights

Company plans a Nasdaq delisting while maintaining its TSX listing.

COSCIENS Biopharma Inc. reports that a recent press release covers second quarter 2025 financial results and strategic initiatives, including a voluntary delisting from the Nasdaq Capital Market while retaining its Toronto Stock Exchange listing. This changes the trading venue for U.S. investors but preserves a public market listing in Canada.

The report also folds the press release into multiple Form S-8 registration statements, which is an administrative step to keep employee equity-related disclosures current. The extensive forward-looking statement section spans product development, clinical studies, facility completion, liquidity, and the decision to sunset certain research programs, emphasizing that outcomes may differ materially from current expectations.

Because this is a notice-style update without quantitative results, the main point for investors is the planned shift in U.S. listing status and the reminder that many operational and financial aspects remain subject to the risks previously outlined in the company’s most recent Form 20-F.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August, 2025

 

Commission File Number: 001-38064

 

COSCIENS Biopharma Inc.

(Translation of registrant’s name into English)

 

c/o Norton Rose Fulbright Canada, LLP, 222 Bay Street, Suite 3000, PO Box 53, Toronto ON M5K 1E7

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

 

 

 

 

 

On August 14, 2025, COSCIENS Biopharma Inc. (the “Company”) issued a press release announcing its second quarter 2025 financial results and providing a strategic initiatives update, including its plan to voluntarily delist from the Nasdaq Capital Market, while retaining the Company’s listing on the Toronto Stock Exchange. A copy of the press release is attached to this Form 6-K as Exhibit 99.1 and is incorporated by reference herein. The press release contains forward-looking statements and includes cautionary statements identifying important factors that could cause actual results to differ materially from those in the forward-looking statements.

 

Exhibit 99.1 included with this Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (No. 333-224737, No. 333-210561, No. 333-200834 and No. 333-279844) (collectively, the “Registration Statements”) and shall be deemed to be a part thereof from the date on which this Report on Form 6-K is furnished, to the extent not superseded by documents or reports subsequently filed or furnished. The information contained on any websites referenced in Exhibit 99.1 included with this Report on Form 6-K is not incorporated by reference or deemed to be a part of this Report on Form 6-K or any of the Registration Statements.

 

Forward-Looking Statements

 

The information in this Report on Form 6-K and the exhibit attached hereto and incorporated herein by reference include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and under the provisions of Canadian securities laws. These forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements.

 

Forward-looking statements include, but are not limited to, those relating to the Company’s expectations regarding the anticipated benefits and synergies as well as the assets, cost structure, financial position, cash flows and growth prospects of the combined company.

 

Risks and factors that could cause actual results or outcomes to differ materially from expectations include, among others, the following:

 

the Company’s patented technologies and value-driving products, and development thereof;
the extraction, production and commercialization of active ingredients from natural sources and our ability to successfully market related products;
the successful development and marketing of our oat-based pipeline products, including oat-beta glucan, avenanthramides and beta glucan from yeast, as well as such products’ capability to address unmet needs within the nutraceuticals markets;
Macrilen® (macimorelin) and the Company’s plans in respect of same, including commercialization.
the Company’s business strategy;
the strategic decision to sunset the Company’s Amyotrophic Lateral Sclerosis (ALS), AIM Biologicals and Delayed Clearance Parathyroid Hormone (DC-PTH) programs ;
the transition to a new presidential administration in the United States, including the potential use and effects of tariffs to address the administration’s policy goals, could materially impact our costs and revenues, as well as the macroeconomic framework in which we operate.
the Company’s positioning in its target markets;
the Company’s ability to accelerate the scale-up of PGX Technology towards commercial levels;
expectations for completion of the Company’s Edmonton facility and Natex Termitz facility;
pre-clinical and clinical studies and trials and their expected timing and results, including the potential to bring certain products to market following such studies and trials;
the ability of our pharmaceutical therapeutic assets to address unmet medical needs across a number of indications;
management’s assumptions, estimates and judgements;
liquidity and capital resources;
adequacy of our financial resources to finance operations and expenditure requirements;
limitations on internal controls over financial reporting; and
the plans, objectives, future outlook and financial position of the Company in general.

 

 

 

 

Additional risk factors that could cause actual results to differ materially include those risks identified in Item 3. “Key Information – Risk Factors” contained in the Company’s most recent Annual Report on Form 20-F filed with the SEC and its other filings and submissions from time to time, including those containing its quarterly and annual results, with the SEC, which are available on the Company’s website located at www.cosciensbio.com.

 

Many of these risks and factors are beyond the Company’s control. The Company cautions you not to place undue reliance on these forward-looking statements. All written and oral forward-looking statements attributable to the Company or persons acting on their behalf, are qualified in their entirety by these cautionary statements. Moreover, unless required by law to update these statements, the Company will not necessarily update any of these statements after the date hereof, either to conform them to actual results or to changes in their expectation.

 

DOCUMENTS INDEX

 

Exhibit   Description
99.1   COSCIENS Biopharma Inc. Reports Second Quarter 2025 Financial Results and Provides Strategic Initiatives Update

 

 

 

 

SIGNATURE

 

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, thereunto duly authorized.

 

  COSCIENS Biopharma Inc.
     
Date: August 14, 2025 By: /s/ Giuliano La Fratta
    Giuliano La Fratta
    Chief Financial Officer

 

 

 

 

FAQ

What did COSCIENS Biopharma Inc. (CSCI) report in this Form 6-K?

COSCIENS Biopharma Inc. reported that it issued a press release announcing its second quarter 2025 financial results and providing a strategic initiatives update, and it furnished that press release as an exhibit.

Is COSCIENS Biopharma Inc. (CSCI) delisting from Nasdaq?

The company announced a plan to voluntarily delist its shares from the Nasdaq Capital Market while retaining its listing on the Toronto Stock Exchange.

Will COSCIENS Biopharma Inc. (CSCI) remain listed on the Toronto Stock Exchange?

Yes. The company states that it plans to voluntarily delist from the Nasdaq Capital Market but will retain its listing on the Toronto Stock Exchange.

How is the COSCIENS Biopharma Inc. (CSCI) press release used in SEC filings?

The press release attached as Exhibit 99.1 is incorporated by reference into the company’s Registration Statements on Form S-8, and is deemed part of those registration statements from the date this report is furnished, to the extent not superseded.

What forward-looking risks does COSCIENS Biopharma Inc. (CSCI) highlight?

The company notes that forward-looking statements involve risks and uncertainties related to its technologies, product development, business strategy, discontinued programs, facilities, clinical studies, liquidity, capital resources, internal controls, and overall outlook, and refers readers to risk factors in its most recent Form 20-F.

Where can investors find additional risk factors for COSCIENS Biopharma Inc. (CSCI)?

Additional risk factors are identified in Item 3 “Key Information – Risk Factors” of the company’s most recent Annual Report on Form 20-F and in its other SEC filings, which are available on its website at www.cosciensbio.com.
Cosciens Biopharma

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