Orgenesis Inc. Faces Delisting Concerns
Ticker: ORGS · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1460602
| Field | Detail |
|---|---|
| Company | Orgenesis INC. (ORGS) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $12,397,000, $15,372,000, $5,000,000 m, $2,500,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, compliance
Related Tickers: OGNS
TL;DR
OGNS might get delisted, check exchange rules.
AI Summary
Orgenesis Inc. filed an 8-K on April 19, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The earliest event reported was on April 17, 2024. The company is incorporated in Nevada and its principal executive offices are located in Germantown, MD.
Why It Matters
This filing indicates potential issues with Orgenesis Inc.'s compliance with stock exchange listing requirements, which could lead to its shares being delisted.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status.
Key Players & Entities
- Orgenesis Inc. (company) — Registrant
- April 17, 2024 (date) — Earliest event reported
- April 19, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- 20271 Goldenrod Lane, Germantown, MD 20876 (address) — Principal executive offices
FAQ
What specific listing rule or standard has Orgenesis Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Orgenesis Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the earliest date of the event reported in this 8-K?
The earliest event reported in this 8-K was on April 17, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on April 19, 2024.
Where are Orgenesis Inc.'s principal executive offices located?
Orgenesis Inc.'s principal executive offices are located at 20271 Goldenrod Lane, Germantown, MD 20876.
What is Orgenesis Inc.'s state of incorporation?
Orgenesis Inc. is incorporated in Nevada.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 14.2 · Accepted 2024-04-19 16:05:29
Key Financial Figures
- $1.00 — of common stock had closed at less than $1.00 per share over the previous 30 consecut
- $12,397,000 — mpany reporting stockholders' equity of $12,397,000, in its Form 10-Q for the period ended
- $15,372,000 — , reporting a stockholders' deficit of ($15,372,000). On April 17, 2024, the Company rece
- $5,000,000 m — he Company's failure to comply with the $5,000,000 minimum stockholders' equity requirement
- $2,500,000 — ompany that it longer meets the minimum $2,500,000 stockholders' equity requirement for co
Filing Documents
- form8-k.htm (8-K) — 38KB
- 0001493152-24-015330.txt ( ) — 205KB
- orgs-20240417.xsd (EX-101.SCH) — 3KB
- orgs-20240417_lab.xml (EX-101.LAB) — 33KB
- orgs-20240417_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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. ORGENESIS INC. Date: April 19, 2024 By: /s/ Victor Miller Victor Miller Chief Financial Officer, Treasurer and Secretary