UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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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 8.01 Other Events.
As previously disclosed, on November 15, 2023, Candel Therapeutics, Inc. (the “Company”) received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with the requirement that the bid price for the Company’s common stock close above $1.00 per share pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Requirement”) because the price of the Company’s common stock had closed below $1.00 per share for 30 consecutive business days, and that the Company had 180 days to regain compliance with the Minimum Bid Requirement.
On December 28, 2023, the Staff notified the Company that, as of December 28, 2023, the Company had regained compliance with the Minimum Bid Requirement and that the matter is now closed.
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 hereunto duly authorized.
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Candel Therapeutics, Inc. |
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Date: January 3, 2024 |
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By: |
/s/ Paul Peter Tak |
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Paul Peter Tak, M.D., Ph.D., FMedSci |
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President and Chief Executive Officer |
Document and Entity Information |
Dec. 28, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Entity Registrant Name | CANDEL THERAPEUTICS, INC. |
| Amendment Flag | false |
| Entity Central Index Key | 0001841387 |
| Document Period End Date | Dec. 28, 2023 |
| Entity Incorporation State Country Code | DE |
| Securities Act File Number | 001-40629 |
| Entity Tax Identification Number | 52-2214851 |
| Entity Address, Address Line One | 117 Kendrick St |
| Entity Address, Address Line Two | Suite 450 |
| Entity Address, City or Town | Needham |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02494 |
| City Area Code | (617) |
| Local Phone Number | 916-5445 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.01 par value per share |
| Trading Symbol | CADL |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |