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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Blue Water Acquisition Corporation | NASDAQ:BLUW | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.63 | 9.56 | 9.65 | 0 | 01:00:00 |
Prospectus Supplement No. 5 | Filed Pursuant to Rule 424(b)(3) | |
(to Prospectus dated June 1, 2022) | Registration No. 333- 265187 |
Up to 1,300,000 Shares of Common Stock
This prospectus supplement updates and supplements the prospectus dated June 1, 2022 (the Prospectus), which forms a part of our Registration Statement on Form S-1 (Registration No. 333-265187). This prospectus supplement is being filed to update and supplement the information in the Prospectus with the information contained in our Current Report on Form 8-K, filed with the Securities and Exchange Commission on August 26, 2022 (the Current Report on Form 8-K). Accordingly, we have attached the Current Report on Form 8-K to this prospectus supplement.
The Prospectus and this prospectus supplement relate to the offer and sale from time to time by the selling securityholder named in the Prospectus (the Selling Securityholder) of an aggregate of up to 1,300,000 shares of our common stock, $0.0001 par value per share (Common Stock), issuable upon the exercise of 1,300,000 Common Stock purchase warrants (the Armistice Warrants) which were originally issued in a private placement to the Selling Securityholder.
This prospectus supplement should be read in conjunction with the Prospectus as amended and supplemented to date. This prospectus supplement updates and supplements the information in the Prospectus. If there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.
The Common Stock and Public Warrants are listed on The Nasdaq Global Market (Nasdaq) under the symbols CRXT and CRXTW, respectively. On August 25, 2022, the closing price of the Common Stock was $0.2166 and the closing price for the Public Warrants was $0.0316.
See the section entitled Risk Factors beginning on page 5 of the Prospectus and under similar headings in any further amendments or supplements to read about factors you should consider before buying our securities.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if the Prospectus or this prospectus supplement are truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is August 26, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 22, 2022
CLARUS THERAPEUTICS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-39802 | 85-1231852 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
555 Skokie Boulevard, Suite 340 Northbrook, Illinois |
60062 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (847) 562-4300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Common stock, par value $0.0001 per share | CRXT | The Nasdaq Global Market | ||
Warrants to purchase one share of common stock at an exercise price of $11.50 | CRXTW | The Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
As previously disclosed, on February 18, 2022, Clarus Therapeutics Holdings, Inc. (Clarus) received two written notifications from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq). The first notification indicated that as of February 18, 2022, Clarus did not meet the $15,000,000 minimum market value of publicly held shares required to maintain continued listing as set forth in Nasdaq Marketplace Rule 5450(b)(2)(C) (the MVPHS Rule) for the 33-business day period ended February 17, 2022. The second notification indicated that as of February 18, 2022, Clarus did not meet the $50,000,000 minimum market value of listed securities required to maintain continued listing as set forth in Nasdaq Marketplace Rule 5450(b)(2)(A) (the MVLS Rule and together with the MVPHS Rule, the Rules) for the 30-business day period ended February 17, 2022. Clarus was given 180 days from the date of notification, or until August 17, 2022, to regain compliance with the Rules.
On August 22, 2022, Clarus received a staff determination letter from Nasdaq notifying it that it had not regained compliance with the Rules. The letter stated that unless Clarus requests an appeal, Clarus common stock would be suspended at the opening of business on August 31, 2022 and that Nasdaq would file a Form 25-NSE with the Securities and Exchange Commission, which will remove Clarus securities from listing and registration on the Nasdaq.
Upon suspension from Nasdaq, Clarus expects its securities to begin trading on the OTC Markets OTC Pink Market tier.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 26, 2022 | CLARUS THERAPEUTICS HOLDINGS, INC. | |||||
By: | /s/ Robert E. Dudley | |||||
Name: | Robert E. Dudley | |||||
Title: | Chief Executive Officer |
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