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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 22, 2025
Longeveron Inc.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-40060 |
|
47-2174146 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
1951
NW 7th Avenue, Suite 520
Miami, Florida 33136
(Address of Principal Executive Offices)
Registrant’s Telephone Number, Including
Area Code: (305) 909-0840
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Class A Common Stock, $0.001 par value per share |
|
LGVN |
|
The Nasdaq Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging growth company ☒
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 Notice of
Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 22, 2025, Longeveron
Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq
Stock Market (“Nasdaq”) that the Company’s Class A common stock (“Common Stock”) did not meet the $1.00
minimum bid price requirement for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum
Bid Price Requirement”) as a result of the closing bid price of the Company’s Common Stock for the last 30 consecutive business
days. The Notice does not result in the immediate delisting of the Company’s Common Stock and, pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Company has an initial period of 180 calendar days, or until March 23, 2026 (the “Compliance Date”), to regain compliance
with the Minimum Bid Price Requirement.
If, at any time before the
Compliance Date, the bid price closes at $1.00 or more per share for a minimum of ten consecutive business days (subject to Nasdaq’s
discretion to increase the minimum period to up to 20 consecutive business days pursuant to Nasdaq Listing Rule 5810(c)(3)(H)), Nasdaq
would provide written notification to the Company that it again complies with the Minimum Bid Price Requirement and the Common Stock will
continue to be eligible for listing on The Nasdaq Capital Market unless other eligibility deficiencies exist. However, pursuant to Nasdaq
Listing Rule 5810(c)(3)(A)(iii), if the Company’s Common Stock has a closing bid price of $0.10 or less for ten consecutive trading
days before the Compliance Date, Nasdaq can issue a Staff Determination Letter, which, unless appealed, would subject our Common Stock
to immediate suspension and delisting.
If the Company does not regain
compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company could be eligible for an additional 180 calendar
day compliance period. To qualify, the Company would be required to meet the continued listing requirements for the market value of publicly
held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement,
and would need to provide written notice to Nasdaq of its intention to cure the deficiency during the additional compliance period.
The Company intends to monitor
the closing bid price of the Common Stock and assess its available options to regain compliance with the Minimum Bid Price Requirement
and continue listing on The Nasdaq Capital Market. There can be no assurance that the Company will be able to regain compliance with the
Minimum Bid Price Requirement or will otherwise be in compliance with other applicable Nasdaq listing rules.
Cautionary Note
Regarding Forward-Looking Statements
This
Current Report on Form 8-K contains forward-looking statements. Any statements about the Company’s expectations, beliefs, plans,
predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking.
These statements are often, but not always, made through the use of words or phrases such as “anticipates,” “believes,”
“can,” “could,” “may,” “predicts,” “potential,” “should,” “will,”
“estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,”
“intends,” and similar words or phrases.
Although
the Company believes that the expectations reflected in these forward-looking statements are reasonable, these statements are not guarantees
of future performance and involve risks and uncertainties which are subject to change based on various important factors, some of which
are beyond the Company’s control. The Company has based these forward-looking statements largely on its current expectations and
projections about future events and financial trends that it believes may affect its business, financial condition and results of operations.
These forward-looking statements speak only as of the date of this Current Report on Form 8-K and are subject to a number of risks, uncertainties
and assumptions including, without limitation, risks and factors that are described in the “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form
10-K for the year ended December 31, 2024 and the Company’s Quarterly Reports on Form 10-Q, which are on file with the SEC and available
on the SEC’s website at www.sec.gov. The Company does not undertake any obligation to update any forward-looking statements made
in this Current Report on Form 8-K as a result of new information, future events or otherwise.
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 hereunto duly authorized.
| |
LONGEVERON INC. |
| |
|
| Date: September 26, 2025 |
/s/
Lisa A. Locklear |
| |
Name: |
Lisa A. Locklear |
| |
Title: |
Chief Financial Officer |
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