8-K/A
filed October 9, 2024, 7:59 PM ET
CIK 0001708331
leadership
confidence high
sentiment negative
materiality 0.80
Virpax CEO & CFO resign amid disagreements; Nasdaq warns of bid price deficiency
Virpax Pharmaceuticals, Inc.
- CEO Gerald Bruce and CFO Vinay Shah resigned Oct 5, citing disagreements with Board's execution of policies.
- Board appointed director Jatinder Dhaliwal as new CEO effective Oct 6; Katharyn Field replaces him on audit committee.
- Nasdaq notified company Oct 4 that bid price below $1.00 for 30 consecutive days; 180-day cure period until Apr 2, 2025.
- Company disagrees with allegations in Bruce's resignation letter, filed as exhibit.
- If not compliant by Apr 2, 2025, may get second 180-day period; delisting risk if not cured.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jatinder Dhaliwal was appointed as Chief Executive Officer at Virpax Pharmaceuticals, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On October 6, 2024, the Board appointed Jatinder Dhaliwal, a member of the Board, to serve as Chief Executive Officer of the Company, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerald Bruce resigned as Chief Executive Officer at Virpax Pharmaceuticals, Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On October 5, 2024, Gerald Bruce, as Chief Executive Officer and member of the Board of Directors (the “Board”), and Vinay Shah, as Chief Financial Officer, notified the Company of their resignation from their respective positions, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gerald Bruce resigned as Director at Virpax Pharmaceuticals, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On October 5, 2024, Gerald Bruce, as Chief Executive Officer and member of the Board of Directors (the “Board”), and Vinay Shah, as Chief Financial Officer, notified the Company of their resignation from their respective positions, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vinay Shah resigned as Chief Financial Officer at Virpax Pharmaceuticals, Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
On October 5, 2024, Gerald Bruce, as Chief Executive Officer and member of the Board of Directors (the “Board”), and Vinay Shah, as Chief Financial Officer, notified the Company of their resignation from their respective positions, effective immediately.
View on SEC.gov
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