BioXcel Therapeutics Inc. filed SEC Form 8-K: Other Events
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Item 8.01 Other Events.
On May 27, 2025, BioXcel Therapeutics, Inc. (the “Company”) announced it received a decision letter from The Nasdaq Stock Market LLC informing the Company that the Nasdaq Hearings Panel (the “Panel”) has granted the Company’s request for an extension to regain compliance with Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”) until September 16, 2025, subject to meeting certain interim conditions. The Panel reviewed the Company’s compliance plan and strategies for achieving long-term compliance with the MVLS Rule.
The decision provides the Company until September 16, 2025 to demonstrate compliance with the MVLS Rule, which requires a market value of listed securities of at least $35 million for at least 10 consecutive business days.
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.
| Date: May 27, 2025 | BIOXCEL THERAPEUTICS, INC. | |
| /s/ Richard Steinhart | ||
| By: | Richard Steinhart | |
| Title: | Chief Financial Officer | |