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BIONANO GENOMICS, INC : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Change in Directors or Principal Officers (form 8-K)

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08/22/2019 | 04:49pm EDT
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
(a)
On August 16, 2019, Bionano Genomics, Inc. (the "Company") received notice from
the Nasdaq Stock Market LLC (the "Notice") that the Company's stockholders'
equity as reported in the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 2019 does not satisfy the Nasdaq Capital Market continued
listing requirement set forth in Nasdaq Stock Market Rule 5550(b)(1) (the
"Rule").
The Company has 45 calendar days from the date of the Notice to submit to Nasdaq
a plan to regain compliance with the Rule. The Company currently anticipates
timely submitting such a plan to Nasdaq. If the plan is accepted, Nasdaq may
grant an extension of up to 180 calendar days from the date of the Notice for
the Company to provide evidence of compliance. If the plan is not accepted or
the Company is not granted an extension, the Company will then consider actions
appropriate to the circumstances, which may include applicable appeals to a
Nasdaq Hearings Panel.
There can be no assurance that the Company will be able to regain compliance
with the Rule.


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)

On August 21, 2019, Darren Cai, Ph.D. provided the Company with notice of his resignation from the Company's Board of Directors, effective immediately.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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