GTx,Inc. (NASDAQ:GTXI) Files An 8-K Other EventsItem 8.01. Other Information
On December 20, 2016, GTx, Inc. (the “Company”) received a letter from the staff of The NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that the Company has regained compliance with the minimum $1.00 bid price per share requirement for continued listing on The NASDAQ Capital Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). As previously reported, NASDAQ had previously notified the Company of its noncompliance with the Bid Price Rule and on December 5, 2016, the Company effected a reverse stock split of its common stock, the primary purpose of which was to enable the Company to regain compliance with the Bid Price Rule. As a result of the Company regaining compliance with Bid Price Rule, NASDAQ has now closed this matter.