---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018968"
form_type: "8-K"
ticker: "SNGX"
cik: "0000812796"
company_name: "SOLIGENIX, INC."
filed_at: "2022-12-23T23:59:59+00:00"
generated_at: "2026-06-20T23:43:57.637760+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Soligenix receives Nasdaq delisting notice for failure to meet $1.00 bid price rule

## Summary
- Nasdaq notified Soligenix on Dec 20, 2022 that it failed to regain compliance with the Minimum Bid Price Rule by the Dec 19, 2022 deadline.
- Company will request a hearing by Dec 27 to stay trading suspension; hearing expected within 45 days.
- Also notified Nov 16, 2022 for non-compliance with $2.5M stockholders' equity requirement.
- Board proposes reverse stock split (1-for-2 to 1-for-20) to regain compliance; preliminary proxy filed Dec 23.
- Stock continues trading under SNGX while hearing is pending; no guarantee of regaining compliance.

## SEC filing metadata
- accession: 0001558370-22-018968
- form_type: 8-K
- ticker: SNGX
- cik: 0000812796
- company_name: SOLIGENIX, INC.
- filed_at: 2022-12-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/0001558370-22-018968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/tmb-20221220x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018968
- JSON: https://secwatch.observer/filing/0001558370-22-018968.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018968.txt

## Key facts
- Listing & Compliance Notices
  SOLIGENIX, INC. received a nasdaq deficiency notice notice regarding stockholders equity.
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  source text: November 16, 2022, Nasdaq notified us that we no longer complied with the continued listing requirement to maintain a minimum of $2,500,000 in stockholders’ equity nor did we meet the alternatives of market value of listed securities or net income from continuing operations. ​ The Company was unable to regain compliance with Minimum Bid Price Rule prior to the expiration of the second 180 calendar day period. On December 20, 2022, the Company received written notice (the “Notice”) from Nasdaq stating that the Company has not complied with the Minimum Bid Price Rule. The Notice indicated that
  evidence_url: https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/0001558370-22-018968-index.htm
- Listing & Compliance Notices
  SOLIGENIX, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: December 20, 2022, the Company received written notice (the “Notice”) from Nasdaq stating that the Company has not complied with the Minimum Bid Price Rule. The Notice indicated that the Company’s common stock would be suspended from trading on Nasdaq unless the Company requests a hearing before a hearings panel by December 27, 2022. The Company intends to timely request a hearing, which will stay any trading suspension of the Company’s common stock until completion of the Nasdaq hearing process and expiration of any additional extension period granted by the panel following the hearing. ​ The
  evidence_url: https://www.sec.gov/Archives/edgar/data/812796/000155837022018968/0001558370-22-018968-index.htm

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