UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
As previously disclosed in the Current Report on Form 8-K of Advaxis, Inc. (the “Company”) filed with the Securities and Exchange Commission on May 10, 2022, the Company was notified by the OTC Markets Group Inc., that its common stock, par value $0.001 per share, ticker: “ADXSD”, closed below $0.10 for more than 30 consecutive calendar days and that it thus no longer met the Standards for Continued Qualification for the OTCQX U.S. tier as per the OTCQX Rules for U.S. Companies section 3.2.b.1. If the Company’s bid price had not stayed at or above the $0.10 minimum for ten consecutive trading days by November 7, 2022, then its common stock would be moved from OTCQX to the OTC Pink market at that time.
On June 6, 2022, the Company effected a one-for-80 reverse stock split (the “Reverse Stock Split”) of its common stock. As a result of the Reverse Stock Split, the Company’s minimum bid price has stayed at or above $0.10 for ten consecutive trading days as required to regain compliance with the Standards for Continued Qualification for the OTCQX U.S. tier.
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.
| June 24, 2022 | ADVAXIS, INC. | |
| By: | /s/ Kenneth A. Berlin | |
| Name: | Kenneth A. Berlin | |
| Title: | President and Chief Executive Officer | |