---
schema_version: "secwatch.filing_event.v1"
accession: "0001467154-23-000084"
form_type: "8-K"
ticker: null
cik: "0001467154"
company_name: "NVN Liquidation, Inc."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:35:56.939942+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Novan gets Nasdaq delisting notice after Chapter 11 filing; OTC trading under NOVNQ from July 26

## Summary
- Filed Chapter 11 bankruptcy on July 17, 2023 in Delaware (Case No. 23-10937).
- Nasdaq cited bankruptcy and public interest concerns for delisting; company will not appeal.
- Trading of NOVN suspended at Nasdaq open on July 26; moves to OTC under NOVNQ.
- Common stock previously traded on Nasdaq under symbol NOVN.

## SEC filing metadata
- accession: 0001467154-23-000084
- form_type: 8-K
- cik: 0001467154
- company_name: NVN Liquidation, Inc.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467154/000146715423000084/0001467154-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467154/000146715423000084/novn-20230717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467154-23-000084
- JSON: https://secwatch.observer/filing/0001467154-23-000084.json
- Plain text: https://secwatch.observer/filing/0001467154-23-000084.txt

## Key facts
- Listing & Compliance Notices
  NVN Liquidation, Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Rules: 5101, 5110(b), IM-5101-1
  source text: July 17, 2023, Novan, Inc. (the “Company”) filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The case will be administered under the caption In re: Novan, Inc. et al , Case No. 23-10937. On July 17, 2023, the Company received written notice (the “Delisting Notice”) from the listing qualifications department staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that, in accordance with Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1, the staff of Nasdaq has determined that
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467154/000146715423000084/0001467154-23-000084-index.htm

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