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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 18, 2025
Dare
Bioscience, Inc.
DARÉ
BIOSCIENCE, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-36395 |
|
20-4139823 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
3655
Nobel Drive, Suite 260
San
Diego, CA 92122
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
telephone number, including area code: (858) 926-7655
Not
Applicable
(Former
name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
☐ |
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 |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock |
|
DARE |
|
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 8.01 Other Events.
Based on sales of shares of its common stock under its “at-the-market,” or ATM, equity offering program and equity line
arrangement since March 31, 2025 through July 18, 2025 resulting in gross proceeds of approximately $16.5 million, and after
considering anticipated losses through July 18, 2025, as of the date of this report, Daré Bioscience, Inc.
(“Daré,” “we,” “us,” “our” or the “Company”) believes its
stockholders’ equity is in excess of the $2.5 million minimum required under Nasdaq Listing Rule 5550(b)(1), and intends to
notify Nasdaq of the foregoing so that Nasdaq can make a determination as to whether the Company has regained compliance with
requirements for continued listing. There can be no assurance that the Nasdaq will determine that the Company has regained
compliance with such requirements.
As
previously reported, the Company has not been in compliance with Nasdaq Listing Rule 5550(b) since August 2024. Nasdaq Listing Rule 5550(b)(1)
requires a company to maintain stockholders’ equity of at least $2.5 million, and Nasdaq Listing Rule 5550(b)(2) requires a company
to maintain a minimum market value of listed securities of $35.0 million. A company will satisfy the continued listing requirement under
Nasdaq Listing Rule 5550(b) if it meets either Nasdaq Listing Rule 5550(b)(1) or (2).
After taking into account the
sale of shares of common stock described above, there will be approximately 12.6 million shares of common stock outstanding.
Forward-Looking
Statements
Daré
cautions you that all statements, other than statements of historical facts, contained in this report, are forward-looking statements.
Forward-looking statements, in some cases, can be identified by terms such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,”
“could,” “plan,” “potential,” “predict,” “seek,” “should,” “would,”
“contemplate,” “project,” “target,” “objective,” “on track,” or the negative
version of these words and similar expressions. In this report, forward-looking statements include, but are not limited to, statements
relating to Daré regaining compliance with Nasdaq Listing Rule 5550(b). Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause Daré’s actual results, performance or achievements to be materially different
from future results, performance or achievements expressed or implied by the forward-looking statements, including, without limitation,
risks and uncertainties related to: that Nasdaq may not determine that the Company has regained compliance with Nasdaq Listing Rule 5550(b),
and if so, Daré’s ability to raise additional capital to increase its stockholders’ equity and to regain compliance
with Nasdaq Listing Rule 5550(b) and the risk factors discussed in Item 1A of Part II of Daré’s quarterly report on Form
10-Q and Item 1A of Part I of Daré’s annual report on Form 10-K filed with the SEC on May 13, 2025 and March 31, 2025, respectively,
as such factors may be updated from time to time in Daré’s other filings with the SEC. Forward-looking statements are based
upon Daré’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking
statements are expressly qualified in their entirety by these cautionary statements. For a detailed description of Daré’s
risks and uncertainties, you are encouraged to review its documents filed with the SEC including Daré’s recent filings on
Form 8-K, Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of
the date on which they were made. Daré undertakes no obligation to update such statements to reflect events that occur or circumstances
that exist after the date on which they were made, 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.
|
DARÉ
BIOSCIENCE, INC. |
|
|
Dated:
July 18, 2025 |
By: |
/s/
Sabrina Martucci Johnson |
|
Name: |
Sabrina
Martucci Johnson |
|
Title: |
President
and Chief Executive Officer |