UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Emerging growth company
| Item 8.01. | Other Events. |
On May 5, 2023, Onconova Therapeutics, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company had regained compliance with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) because the Company’s common stock had a minimum closing price of at least $1.00 per share for a minimum of ten consecutive business days. A copy of Nasdaq’s letter is attached as Exhibit 99.1 to this report.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) Exhibits. | ||
| Exhibit No. |
Description | |
| 99.1 | Letter from Nasdaq Dated May 5, 2023 | |
| 104 | Cover page Interactive Data file (embedded with the inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: May 9, 2023 | Onconova Therapeutics, Inc. | ||
| By: | /s/ MARK GUERIN | ||
| Name: | Mark Guerin | ||
| Title: | Chief Operating and Chief Financial Officer | ||
Exhibit 99.1
 |  |
By Electronic Delivery to: mguerin@onconova.us
May 5, 2023
Mr. Mark Guerin
Chief Operating Officer & Chief Financial Officer
Onconova Therapeutics, Inc.
12 Penns Trail
Newtown, PA 18940
| Re: | Onconova Therapeutics, Inc. (the “Company”) |
Nasdaq Symbol: ONTX
Dear Mr. Guerin:
On March 28, 2023, Staff notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Staff has determined that for the last 10 consecutive business days, from April 21, 2023 to May 4, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
If you have any questions, please contact me, Listing Analyst, at +1 301 532 6389.
Sincerely,
Patryk Muter
Listing Analyst
Nasdaq Listing Qualifications