Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
On
These letters have no immediate effect on the listing of the Common Stock on the
Nasdaq Global Select Market, and the Common Stock will continue to trade on The
Nasdaq Global Select Market under the symbol "EVLO," subject to the Company's
compliance with the other continued listing requirements of The Nasdaq Global
Select Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A) and
5810(c)(3)(D), the Company has been provided compliance periods of 180 calendar
days from receipt of the respective letter, or until
If the Company does not regain compliance within the applicable compliance
period, Nasdaq will provide written notification to the Company that the Common
Stock will be subject to delisting. At that time, the Company may appeal the
delisting determination to a
The Company intends to actively monitor the Company's MVLS and MVPHS and evaluate available options to regain compliance with each such requirement. There can be no assurance that the Company will be able to regain compliance with either of these requirements or will otherwise be in compliance with other applicable Nasdaq listing rules.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements, including
within the meaning of the Private Securities Litigation Reform Act of 1995. All
statements contained in this Current Report on Form 8-K that do not relate to
matters of historical fact should be considered forward-looking statements,
including, without limitation, statements regarding the Company's intent to
monitor its MLVS and MVPHS and evaluate available options, including
transferring to The Nasdaq Capital Market. In some cases, you can identify
forward-looking statements by terms such as "aim," "anticipate," "approach,"
"believe," "contemplate," "could," "estimate," "expect," "goal," "intend,"
"look," "may," "mission," "plan," "possible," "potential," "predict," "project,"
"pursue," "should," "target," "will," "would," or the negative thereof and
similar words and expressions. These forward-looking statements are based on
management's current expectations. These statements are neither promises nor
guarantees, but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or achievements
to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements, including, but not
limited to, the important factors discussed under the caption "Risk Factors" in
our Annual Report on Form 10-K for the fiscal year ended
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represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this Current Report on Form 8-K.
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