Apollomics Gets 180-Day Nasdaq Bid Price Extension
Ticker: APLMW · Form: 6-K · Filed: Jul 16, 2024 · CIK: 1944885
| Field | Detail |
|---|---|
| Company | Apollomics Inc. (APLMW) |
| Form Type | 6-K |
| Filed Date | Jul 16, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: compliance, listing-rules, extension
TL;DR
Nasdaq gives Apollomics 180 more days to fix its stock price, avoiding delisting for now.
AI Summary
Apollomics Inc. received a notice from Nasdaq on July 16, 2024, indicating it has not yet regained compliance with the minimum bid price requirement. However, the company is eligible for an additional 180-day period, extending until January 13, 2025, to meet the requirement.
Why It Matters
This extension provides Apollomics with more time to address its stock price issues, potentially avoiding delisting from Nasdaq.
Risk Assessment
Risk Level: medium — The company has not yet met the minimum bid price requirement, indicating ongoing financial or market challenges.
Key Numbers
- 180 — Extension Period (Additional days granted by Nasdaq to regain compliance with minimum bid price.)
Key Players & Entities
- Apollomics Inc. (company) — Registrant
- Nasdaq (company) — Stock exchange
- July 16, 2024 (date) — Date of notice
- January 13, 2025 (date) — End of extension period
FAQ
What is the specific Nasdaq Listing Rule that allows for this extension?
The company is eligible for the extension in accordance with Nasdaq Listing Rule 5810(c)(3)(A).
What was the original deadline for Apollomics to regain compliance?
The original deadline for Apollomics to regain compliance with the minimum bid price requirement was July 15, 2024.
What is the new deadline for Apollomics to regain compliance?
The new deadline for Apollomics to regain compliance with the minimum bid price requirement is January 13, 2025.
What is the primary reason for the Nasdaq notice?
The primary reason for the Nasdaq notice is that Apollomics had not regained compliance with the minimum bid price requirement by the July 15, 2024 deadline.
What is the company's principal executive office address?
The company's principal executive office is located at 989 E. Hillsdale Blvd., Suite 220, Foster City, California 94404.
Filing Stats: 428 words · 2 min read · ~1 pages · Grade level 12.2 · Accepted 2024-07-16 17:03:26
Key Financial Figures
- $1.00 — mpanys common stock must meet or exceed $1.00 per share for a minimum of ten consecut
Filing Documents
- d817869d6k.htm (6-K) — 11KB
- d817869dex991.htm (EX-99.1) — 10KB
- g817869g49w81.jpg (GRAPHIC) — 5KB
- 0001193125-24-179711.txt ( ) — 28KB
SIGNATURES
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. APOLLOMICS INC. Date: July 16, 2024 By: /s/ Guo-Liang Yu Name: Guo-Liang Yu Title: Chief Executive Officer