TC BIOPHARM (HOLDINGS) PLC
Climate Impact & Sustainability Data (August 2024, December 2024, November 2022)
Reporting Period: August 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Company was not in compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1) for continued listing on The Nasdaq Capital Market because its stockholders’ equity was below the required minimum of $2.5 million at March 31, 2024.
Mitigation Strategies
- The Company entered into a Securities Purchase Agreement with an investor resulting in gross proceeds of $2.0 million before deducting related offering expenses. This brought the company into compliance with the Minimum Stockholders’ Equity Requirement as of August 15, 2024.