Cingulate Inc. Faces Nasdaq Delisting Warning
Ticker: CINGW · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1862150
| Field | Detail |
|---|---|
| Company | Cingulate Inc. (CINGW) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.00 M, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-rule-violation, delisting-risk, nasdaq
Related Tickers: CING
TL;DR
Nasdaq sent Cingulate a delisting warning, stock might get booted.
AI Summary
Cingulate Inc. received a notice on June 17, 2024, indicating it failed to meet a continued listing rule or standard for its common stock on the Nasdaq Capital Market. The company is currently evaluating the notice and plans to respond to Nasdaq.
Why It Matters
This notice suggests potential delisting from Nasdaq, which could significantly impact the company's stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — Failure to meet listing standards and potential delisting poses a significant risk to the company's market presence and investor base.
Key Players & Entities
- Cingulate Inc. (company) — Registrant
- Nasdaq Capital Market (company) — Listing Exchange
FAQ
What specific rule or standard did Cingulate Inc. fail to meet for Nasdaq listing?
The filing states Cingulate Inc. received a notice of failure to satisfy a continued listing rule or standard, but does not specify which rule was violated.
When did Cingulate Inc. receive this notice?
Cingulate Inc. received the notice on June 17, 2024.
What is Cingulate Inc.'s plan in response to the notice?
Cingulate Inc. is evaluating the notice and intends to respond to Nasdaq.
What is Cingulate Inc.'s principal executive office address?
Cingulate Inc.'s principal executive offices are located at 1901 W. 47th Place, Kansas City, KS 66205.
What is the ticker symbol for Cingulate Inc. common stock?
The filing does not explicitly state the ticker symbol, but the company name is Cingulate Inc. and the context implies it is listed on Nasdaq.
Filing Stats: 725 words · 3 min read · ~2 pages · Grade level 12.5 · Accepted 2024-06-18 08:00:17
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share CING The Nasdaq Stock Mar
- $1.00 M — n the Company's non-compliance with the $1.00 Minimum Bid Price requirement set forth i
- $1.00 — ties to maintain a minimum bid price of $1.00 per share and, based upon the closing b
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-24-024215.txt ( ) — 252KB
- cing-20240617.xsd (EX-101.SCH) — 4KB
- cing-20240617_def.xml (EX-101.DEF) — 26KB
- cing-20240617_lab.xml (EX-101.LAB) — 36KB
- cing-20240617_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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 hereunto duly authorized. CINGULATE INC. Dated: June 18, 2024 By: /s/ Shane J. Schaffer Name: Shane J. Schaffer Title: Chief Executive Officer