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NervGen Pharma (NGEN) exits TSXV listing, keeps shares trading on Nasdaq

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6-K

Rhea-AI Filing Summary

NervGen Pharma plans to voluntarily delist its common shares from the TSX Venture Exchange at the close of markets on March 16, 2026. The shares will continue trading on the Nasdaq Capital Market under the symbol NGEN, so investors will still be able to buy and sell the stock.

The company describes this as a strategic step as it moves into late-stage development for NVG-291, aiming to eliminate duplicative exchange fees and reduce legal, accounting, and regulatory complexity. Management expects this to free time and resources for clinical execution and long-term shareholder value goals.

In connection with the delisting, NervGen terminated its at-the-market equity program launched in December 2025. From January 1 through March 12, 2026, it issued 245 common shares under the program at a weighted average price of $6.20 per share, raising net proceeds of $1,489.

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Insights

NervGen exits TSXV, concentrates trading and capital access on Nasdaq.

NervGen Pharma is voluntarily delisting from the TSX Venture Exchange while maintaining its Nasdaq listing. The company links this move to its evolution into late-stage development for NVG-291 and a desire to streamline exchange-related obligations and oversight.

The stated goals are to remove duplicative TSXV fees and simplify legal, accounting, and regulatory requirements. That can modestly lower overhead and administrative distraction, but it also removes a local Canadian trading venue, concentrating liquidity on Nasdaq for all shareholders, including those in Canada.

The company also ended its at-the-market equity program after issuing only 245 shares for net proceeds of $1,489 between January 1 and March 12, 2026. Future disclosures may clarify whether capital-raising strategy will lean on other tools under its existing Form F-10 shelf registration.

 

 

 

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 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-43048

 

NERVGEN PHARMA CORP.

(Exact name of Registrant as specified in its charter)

 

N/A
(Translation of Registrant’s name)

 

112-970 Burrard Street, Unit 1290
Vancouver, British Columbia, Canada V6Z 2R4
Telephone: (778) 731-1711

(Address and telephone number of registrant’s 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 x

 

 

 

 

 

 

EXPLANATORY NOTE

 

Voluntary Delisting from TSX Venture Exchange

 

On March 12, 2026, NervGen Pharma Corp. (the “Company”) announced it will voluntarily delist the common shares of the Company from the TSX Venture Exchange (the “TSXV”) effective as of the close of trading on March 16, 2026. The Company’s common shares will no longer be traded on the TSXV but will continue to trade on the Nasdaq Capital Market under the symbol “NGEN.” A copy of the press release announcing the delisting is included in the Company’s material change report filed hereto as Exhibit 99.1.

 

The information contained in the press release is summary information that is intended to be considered in the context of our Securities and Exchange Commission filings and other public announcements that we may make, by press release or otherwise, from time to time.  We undertake no duty or obligation to publicly update or revise such information, except as required by law.

 

INCORPORATION BY REFERENCE

 

This Report on Form 6-K, including Exhibit 99.1, is incorporated by reference into the registrant’s Registration Statement on Form F-10 (File No. 333-292197), to be a part thereof from the date on which this Report on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

DOCUMENTS INCLUDED AS PART OF THIS REPORT

 

Exhibit    
     
99.1   Material Change Report, dated March 13, 2026.

 

 

 

 

SIGNATURES

 

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.

 

 
NERVGEN PHARMA CORP.
     
Date: March 13, 2026 By: /s/ Adam Rogers 
    Name: Adam Rogers
    Title: Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Form 51-102F3

MATERIAL CHANGE REPORT

 

Item 1.Name and Address of Reporting Issuer

 

NervGen Pharma Corp. (“NervGen” or the “Company”)

 

112-970 Burrard Street, Unit 1290

Vancouver, BC V6Z 2R4

 

Item 2.Date of Material Changes

 

March 12, 2026

 

Item 3. News Releases

 

A news release announcing the material change was disseminated on March 12, 2026 through GlobeNewswire’s distribution network and a copy filed on NervGen’s SEDAR+ profile at www.sedarplus.ca.

 

Item 4. Summary of Material Changes

 

On March 12, 2026, the Company announced that it has elected to voluntarily delist its common shares from TSX Venture Exchange (“TSXV”), effective at the close of markets on March 16, 2026.

 

Item 5. Full Description of Material Changes

 

On March 12, 2026, the Company announced that it has elected to voluntarily delist its common shares from TSXV, effective at the close of markets on March 16, 2026.

 

This strategic decision reflects NervGen’s continued maturity and aligns with the Company’s evolution as it enters late-stage development for NVG-291. Following a comprehensive evaluation, the Company determined that maintaining a dual listing on TSXV does not justify the associated costs and administrative requirements. The voluntary delisting is intended to eliminate duplicative exchange fees, reduce legal, accounting, and regulatory complexity, and enable greater management focus on clinical execution and long-term shareholder value creation.

 

All shareholders, including Canadian shareholders, will continue to maintain full trading access of their common shares on Nasdaq. No action is required by shareholders in connection with the voluntary delisting. Shareholders with account-specific questions are encouraged to contact their respective brokers.

 

The voluntary delisting from TSXV was approved by the Company's Board of Directors. In accordance with TSXV policies, shareholder approval is not required as the Company’s common shares are listed on an acceptable alternative market. NervGen will continue to be a reporting issuer under applicable securities laws in all provinces and territories of Canada.

 

In connection with the voluntary delisting from TSXV, the Company has terminated its previously announced at-the-market equity program (the “ATM Program”), launched on December 19, 2025. From January 1, 2026, through March 12, 2026, the Company issued 245 common shares under the ATM Program at a weighted average price of $6.20 per common share, for aggregate net proceeds of $1,489.

 

 

 

 

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102

 

Not applicable.

 

Item 7. Omitted Information

 

No information has been omitted on the basis that it is confidential information.

 

Item 8. Executive Officer

 

William Adams, Chief Financial Officer

112-970 Burrard Street, Unit 1290

Vancouver, BC V6Z 2R4

 

Item 9. Date of Report

 

March 13, 2026

 

 

 

FAQ

What did NervGen Pharma (NGEN) announce regarding its TSX Venture Exchange listing?

NervGen Pharma elected to voluntarily delist its common shares from the TSX Venture Exchange, effective at the close of markets on March 16, 2026. The decision follows a review that found dual listing costs and administrative requirements no longer justified maintaining the TSXV listing.

Will NervGen Pharma (NGEN) shares still trade after the TSXV delisting?

Yes. NervGen’s common shares will continue to trade on the Nasdaq Capital Market under the symbol NGEN. The company states all shareholders, including Canadian investors, will retain full trading access to their shares through Nasdaq after the TSXV delisting is effective.

Why is NervGen Pharma (NGEN) delisting from the TSX Venture Exchange?

NervGen describes the delisting as a strategic decision aligned with its maturation and entry into late-stage development for NVG-291. It aims to eliminate duplicative exchange fees, reduce legal, accounting, and regulatory complexity, and allow greater management focus on clinical execution and shareholder value.

Does NervGen Pharma’s TSXV delisting require shareholder approval?

No. The delisting was approved by NervGen’s Board of Directors and, under TSXV policies, does not require shareholder approval. This is because the company’s common shares are already listed on an acceptable alternative market, namely the Nasdaq Capital Market.

How does the TSXV delisting affect NervGen Pharma’s Canadian reporting status?

Despite leaving the TSXV, NervGen will remain a reporting issuer under securities laws in all Canadian provinces and territories. This means it will continue providing required disclosures to Canadian regulators, maintaining ongoing reporting obligations even without a TSXV listing.

What happened to NervGen Pharma’s at-the-market equity program?

In connection with the TSXV delisting, NervGen terminated its at-the-market equity program launched on December 19, 2025. From January 1 to March 12, 2026, it issued 245 shares at a weighted average price of $6.20, generating aggregate net proceeds of $1,489.

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