Item 3.01- Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On November 17, 2021 we received a letter (the "Deficiency Letter") from the
staff of the NYSE American (the "Exchange") indicating that AgeX does not meet
certain of the Exchange's continued listing standards as set forth in Section
1003(a)(i) and (ii) of the Exchange Company Guide in that we have stockholders
equity of less than $2,000,000 and have incurred losses from continuing
operations and/or net losses during our two most recent fiscal years, and that
we have stockholders equity of less than $4,000,000 and have incurred losses
from continuing operations and/or net losses during three out of four of our
most recent fiscal years. Pursuant to Section 1009 of the Exchange Company Guide
and as provided in the Deficiency Letter we may provide the Exchange staff with
a plan (the "Plan") by December 17, 2021 advising the Exchange staff of action
we have taken and will take that would bring AgeX into compliance with the
Exchange's continued listing standards by June 17, 2023. We intend to submit a
Plan by the December 17, 2021 deadline.
There is no assurance that the Exchange staff will accept the Plan. If the
Exchange staff accepts the Plan, the Exchange staff will review AgeX's
compliance with the Plan on a quarterly basis and if AgeX does not show progress
consistent with the Plan or is not in compliance with the Exchange's continued
listing standards by June 17, 2023, the Exchange will commence delisting
procedures. If we do not submit the Plan or if the Exchange staff does not
accept the Plan, the Exchange staff will promptly initiate delisting
proceedings.
AgeX intends to make arrangements to have its common stock quoted on an
electronic interdealer quotation system if its common stock is delisted from the
Exchange.
Item 9.01 - Financial Statements and Exhibits.
Exhibit Number Description
99.1 Press release dated November 23, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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