NuCana plc to Change ADS Ratio to Meet Nasdaq Listing Requirements

TL;DR

NuCana changing ADS ratio to avoid Nasdaq delisting.

AI Summary

NuCana plc announced on March 27, 2024, a plan to change the ratio of its American Depositary Shares (ADSs). This change is intended to adjust the number of ordinary shares represented by each ADS, aiming to bring the bid price of its ADSs into compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Why It Matters

This action is crucial for NuCana to maintain its listing on the Nasdaq Capital Market, preventing potential delisting and ensuring continued trading accessibility for its investors.

Risk Assessment

Risk Level: medium — The company is facing a potential delisting from Nasdaq, indicating financial or market performance challenges that could impact its stock value.

Key Players & Entities

• NuCana plc (company) — Filer of the 6-K report and subject of the announcement
• Nasdaq Capital Market (company) — Stock exchange where NuCana's ADSs are listed and minimum bid price requirement is enforced
• March 27, 2024 (date) — Date of the announcement regarding the ADS ratio change

FAQ

Filing Documents

• d794274d6k.htm (6-K) — 13KB
• d794274dex991.htm (EX-99.1) — 11KB
• 0001193125-24-078869.txt ( ) — 25KB

Forward Looking Statements

Forward Looking Statements This Form 6-K contains forward-looking statements. These statements are based on the current beliefs and expectations of the management of the Company and/or its affiliates. These forward-looking statements may include, but are not limited to, statements regarding the trading price of the Companys ADSs. The Companys estimates, projections and other forward-looking statements are based on managements current assumptions and expectations of future events and trends, which affect or may affect the Companys business, strategy, operations, or financial performance, and inherently involve significant known and unknown risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of many risks and uncertainties, which include, the impact of the ongoing, global political and economic conflicts on the Companys business and the global economy; and general market conditions. Other factors that may cause actual results to differ from those expressed or implied in such forward-looking statements are described in the Companys U.S. Securities and Exchange Commission (SEC) filings and reports (Commission File No. 001- 38215), including the Companys Annual Report on Form 20-F filed with the SEC on March 20, 2024. All statements other than statements of historical fact are forward-looking statements. The words believe, may, might, could, will, aim, estimate, continue, anticipate, intend, expect, plan, or the negative of those terms, and similar expressions that convey uncertainty of future events or outcomes are intended to identify estimates, projections, and other forward-looking statements. Estimates, projections, and other forward-looking statements speak only as of the date they were made, and, except to the extent required by law, the Company undertakes no obligation to update or review any estimate, projection, or forward-looking statement. Exhibits

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, thereto duly authorized. NuCana plc By: /s/ Donald Munoz Name: Donald Munoz Title: Chief Financial Officer Date: March 27, 2024

View Full Filing

View this 6-K filing on SEC EDGAR