---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-090561"
form_type: "8-K"
ticker: "ADIL"
cik: "0001513525"
company_name: "ADIAL PHARMACEUTICALS, INC."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T20:59:42.255636+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Adial Pharmaceuticals receives Nasdaq deficiency notice but believes private placement restores compliance

## Summary
- Received Nasdaq letter on Nov 21, 2023 for stockholders' equity of $2.34M below $2.5M minimum.
- Private placement closed Oct 2023 raised ~$3.5M net, boosting equity above threshold.
- Company believes it now satisfies the Rule and may not need to submit a compliance plan.
- Nasdaq will monitor compliance at next periodic report; delisting remains possible if equity drops again.

## SEC filing metadata
- accession: 0001213900-23-090561
- form_type: 8-K
- ticker: ADIL
- cik: 0001513525
- company_name: ADIAL PHARMACEUTICALS, INC.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513525/000121390023090561/0001213900-23-090561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513525/000121390023090561/ea189116-8k_adialpharma.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-090561
- JSON: https://secwatch.observer/filing/0001213900-23-090561.json
- Plain text: https://secwatch.observer/filing/0001213900-23-090561.txt

## Key facts
- Listing & Compliance Notices
  ADIAL PHARMACEUTICALS, INC. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: November 21, 2023, Adial Pharmaceuticals, Inc. (the “Company”), received a letter from The Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the “Rule”) because the stockholders’ equity of the Company of $2,339,258 as of September 30, 2023, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 14, 2023, was below the minimum requirement of $2,500,000. As of the date of this Current Report on Form 8-K, the Company does not have a market value of listed securities of $35 million, or net income fr
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513525/000121390023090561/0001213900-23-090561-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.