Deals & Filings
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Deals & Filings coverage, page 2
Celularity Discloses Nasdaq Notice With Two 10-Qs Unfiled and a Sept. 4 Deadline to Submit a Compliance Plan
The company said Nasdaq wrote on Aug. 21 citing Listing Rule 5250(c)(1). Any exception the exchange grants would expire Nov. 16, and the most recent Celularity quarterly report on file, covering the first quarter of 2025, carries a going-concern warning.
Singularity Future Technology Priced Two Registered Directs Two Days Apart, Raising About $6.8 Million for a Data Center Business Its Last Annual Report Does Not Describe
The logistics company sold 2,162,500 shares at $3.00 and $3.20 in offerings announced Aug. 18 and Aug. 20. Its most recent quarterly filing shows $455,462 of six-month revenue against a $10.2 million net loss.
Greenland Mines 1-for-50 Reverse Split Took Effect Monday, Cutting Shares to About 3.18 Million While Leaving the Authorized Count Untouched
The Nasdaq-listed exploration company's 1-for-50 consolidation became effective at 12:01 a.m. Eastern on Aug. 24, reducing roughly 158,850,637 shares outstanding to about 3,177,012, according to its Aug. 20 release. The board acted without a stockholder vote, fractional shares round up, and the number of authorized shares does not change. Neither the split release nor Friday's Greenland licence announcement disclosed a cash position or discussed how the company will fund its field programs.
Jupiter Neurosciences Priced a $2.0 Million Registered Direct of 307,692 Shares Two Weeks After a 1-for-75 Reverse Split That Left About 770,081 Shares Outstanding
The Nasdaq-listed clinical-stage company said on Aug. 21 it had priced 307,692 shares for gross proceeds of approximately $2.0 million, with closing expected on or about Aug. 24. Its 1-for-75 reverse split took effect Aug. 6, cutting roughly 57,756,143 shares to about 770,081. A raise of the same $2.0 million in May required 7,142,858 pre-split shares — about 95,238 on a split-adjusted basis, roughly a third of the share count in the new deal.
Smartkem's 1-for-50 Reverse Split Began Trading Friday. Behind it sit a going-concern warning, a $500 million equity line priced at a discount to the day's low, and board authority for a second consolidation.
Smartkem, Inc. (Nasdaq: SMTK) consolidated its common stock 1-for-50 after Thursday's close, saying the action was intended to satisfy the Nasdaq minimum bid price requirement. The company's most recent annual report disclosed $0.4 million of cash, a $125.1 million accumulated deficit and substantial doubt about its ability to continue as a going concern. Shareholders have authorised up to five billion shares and up to two reverse splits.
K Wave Media Clears Nasdaq's Bid-Price Test and Prices a $1.0 Million Registered Direct the Same Day
Nasdaq determined that KWM's closing bid held at or above $1.00 for the ten sessions from August 4 through August 17, the window that followed a 1-for-30 reverse split. The same day the company priced 526,314 ordinary shares at $1.90 for roughly $1.0 million gross — about 20% of an implied post-split share count the desk derived, because the company has not published one. A separate $15 million market-value-of-publicly-held-shares deficiency stays open until December 14.
Ming Shing Failed Nasdaq's $2.5 Million Equity Test Six Days After Agreeing to a $510 Million All-Paper Acquisition
The Hong Kong contractor has until Oct. 1 to file a compliance plan. The 150 million Class A shares it agreed on Aug. 11 to issue are about 11.6 times its entire existing share count of 12,975,000.
Fast Track Group Called a 1-for-20 Consolidation Vote for Monday. Nasdaq Set the Stock's Suspension for Tuesday.
The delisting determination issued Aug. 11, six days before the meeting. A timely appeal stays the Form 25-NSE but, the company's own filing says, does not stay the suspension.
T3 Defense Says It Regained Nasdaq Bid-Price Compliance After 1-for-125 Reverse Split
The micro-cap defense company told investors on August 17 that Nasdaq confirmed it back in compliance with the $1.00 minimum bid price rule, roughly a month after a steep reverse stock split cut its share count to about one million.
MiniLuxe Announces a C$6 Million Dutch-Auction Buyback at C$0.40 to C$0.48, Above Monday's C$0.385 Close
The Boston-based nail-care operator said Tuesday morning that its board authorized a substantial issuer bid to repurchase for cancellation up to C$6,000,000 of its Class A subordinate voting shares through a modified Dutch auction priced at C$0.40 to C$0.48 a share — a range entirely above the C$0.385 close of Monday, August 17, the last completed session. The offer does not open until August 20 and runs to September 24. The August 18 release sets out the price range, the share math and the conditions; it does not state how the purchase would be funded, gives no cash balance and offers no rationale.
Gaxos.ai Closes $3.6 Million Warrant Repricing, Issuing Two New Warrants for Every Share Exercised
The nano-cap AI developer cut the strike on 3,007,654 outstanding warrants to $1.20 and handed holders 6,015,308 fresh warrants at $0.95 as the inducement. The transaction raises cash and enlarges the potential share count; it does not establish that the company has resolved the sub-$1.00 trading level that preceded the reverse-split authority put before shareholders at its August 11 annual meeting.
AMASS Brands Issued Guidance Through 2027 That Its Own Release Says Does Not Assume the Capital It Still Needs to Raise
The beverage company, which reached Nasdaq by direct listing in May without raising capital, reported $5.6 million of second-quarter net revenue and $1.6 million of cash and cash equivalents on Monday. Its own risk list names past-due notes, substantial doubt about going concern, and dilution from a convertible preferred facility of up to $30 million.
Callan JMB Cleared Nasdaq's $1.00 Bid Price Without a Reverse Split. Its Other Listing Clock Runs to Oct. 4.
A letter dated Aug. 14 closed the bid-price file about six weeks after the notice arrived, and the company says the cure came from the closing bid price alone. A separate stockholders' equity deficiency disclosed in April has its own deadline.
C3is Sets a 1-for-40 Reverse Split for Aug. 18, Its Third Since December 2024 — a Cumulative 1-for-2,000
Shares outstanding go from about 57.6 million to about 1.44 million. The Nasdaq-listed shipowner's Class B and Class C warrants keep adjusting for five trading days after the split takes effect.
Cycurion's Nasdaq Hearing Is Thursday. The Rule That Denied It a Cure Period Is Its Own 1-for-30 Split From Last October.
Cycurion, Inc. goes before a Nasdaq Hearings Panel on Aug. 20. Nasdaq determined the company is not eligible for the customary 180-day bid-price compliance period, and the company disclosed that determination in a July 16 release filed with the SEC. The provision cited, Listing Rule 5810(c)(3)(A)(iv), bars a compliance period for a company with a bid-price deficiency that has reverse split within the prior year — and Cycurion split 1-for-30 on Oct. 27, 2025.
NexGel's 100 Million Share Increase Failed At The July 31 Vote. Two Weeks Later It Asked Holders For 150 Million.
Stockholders did not deliver the majority of outstanding shares needed to lift NexGel's authorized common stock to 100 million or to authorize a reverse split, according to an Aug. 5 filing that reported the July 31 annual meeting. A preliminary proxy filed Friday asks again — for a ceiling of up to 150 million shares and a split of up to 1-for-20 — at a Sept. 23 special meeting, with the company's Nasdaq bid-price deadline on Oct. 19.
Air T's Revenue Rose $44.6 Million. One Segment That Did Not Exist A Year Ago Contributed $55.9 Million.
All of Air T's 63% growth came from two businesses it bought — the legacy segments shrank about $12.8 million — and Friday's release is the first to split the $3.6 billion asset-management platform announced in June into $3.0 billion actively managed and $0.6 billion committed under letters of intent.
Eightco Has Until February 1 To Close Above $1.00. Its Treasury Has Fallen $94 Million Since Mid-June.
On August 5 Eightco Holdings fixed its treasury at roughly $378 million and, the same day, received a Nasdaq notice that its stock had closed below $1.00 for 30 straight business days. The clock and the treasury move on the same input: a token price that has more than halved since June 17. Here is what the filings and the rulebook actually say, and what they do not.