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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 8, 2025
Predictive Oncology Inc.
(Exact name of registrant as specified in its charter)
Delaware |
001-36790 |
33-1007393 |
(State or other jurisdiction of
incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
91
43rd Street, Suite
110
Pittsburgh, PA 15201
(Address of principal executive offices) (Zip
Code)
(412) 432-1500
(Registrant's telephone
number, including area code)
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) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
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:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common stock, par value $0.01 per share |
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POAI |
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NASDAQ Capital Market |
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 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On July 8, 2025, the Company received a letter from the Listing Qualifications
Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the bid price for the Company’s
common stock had closed below $1.00 per share for 30 consecutive business days, and that the Company is therefore not in compliance with
the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2) (the “Minimum
Bid Price Requirement”). The notification has no immediate effect on the listing of the Company’s common stock.
The Company has a period of 180 calendar days, or until January 5, 2026,
to regain compliance with the Minimum Bid Price Requirement. If, at any time before January 5, 2026, the bid price of the Company’s
common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification
that the Company has achieved compliance with the Minimum Bid Price Requirement.
The letter also disclosed that in the event the Company does not regain
compliance with the Minimum Bid Price Requirement by January 5, 2026, the Company may be eligible for additional time. To qualify for
additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and
all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to
provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split,
if necessary. However, if it appears to the Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise
not eligible, the Staff would notify the Company that its securities would be subject to delisting. In the event of such notification,
the Company may appeal the Staff’s determination to delist its securities, but there can be no assurance the Staff would grant the
Company’s request for continued listing.
The Company intends to continue actively monitoring the bid price for its
common stock and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements, including statements regarding the Company’s plans to regain compliance with Nasdaq’s continued listing requirements.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
The Company undertakes no obligation to update these statements except as required by law.
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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Predictive Oncology Inc. |
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Date: July 11, 2025 |
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By: |
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/s/ Josh Blacher |
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Name: |
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Josh Blacher |
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Title: |
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Interim Chief Financial Officer |