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Lixte Biotechnology Holdings (LIXT) has regained Nasdaq compliance by meeting the equity requirement of at least $2.5 million. The company achieved this milestone through a $5.0 million placement and a $1.5 million registered direct offering, ensuring its ongoing presence on the Nasdaq Capital Market.

Lixte Biotechnology Holdings, Inc. (LIXT), a clinical-stage pharmaceutical company, has regained compliance with Nasdaq’s continued listing requirements by meeting the equity requirement of at least $2.5 million. The company achieved this milestone through a $5.0 million placement and a $1.5 million registered direct offering, announced on July 2, 2025, and July 8, 2025, respectively [1, 2].

Geordan Pursglove, LIXTE’s Chief Executive Officer, stated, "Regaining compliance underscores the Company's dedication to its Nasdaq listing and to fostering LIXTE’s financial health, as it continues to pursue its promising clinical trials in ovarian clear cell carcinoma, metastatic colon cancer, and advanced soft tissue sarcoma, among other opportunities" [1].

LIXTE Biotechnology Holdings, Inc. is focused on new targets for cancer drug development and the commercialization of cancer therapies. Its lead compound, LB-100, a first-in-class PP2A inhibitor, has demonstrated well-tolerated doses associated with anti-cancer activity in cancer patients. Extensive preclinical data suggest that LB-100 has the potential to significantly enhance chemotherapies and immunotherapies, improving outcomes for patients with cancer [1].

The $1.5 million registered direct offering was facilitated by Spartan Capital Securities, LLC, who acted as the exclusive placement agent. The proceeds from this offering, along with the $5.0 million placement, will be used for general corporate purposes and working capital [3].

LIXTE's new approach, covered by a comprehensive patent portfolio, is part of a pioneering effort in an entirely new field of cancer biology—activation lethality. The company is currently conducting proof-of-concept clinical trials for Ovarian Clear Cell Carcinoma, Metastatic Colon Cancer, and Advanced Soft Tissue Sarcoma [1].

References:
[1] Lixte Biotechnology Holdings, Inc. (2025). Lixte Biotechnology Holdings, Inc. Regains Compliance with Nasdaq’s Continued Listing Requirements. Retrieved from https://ir.lixte.com/news-events/press-releases/detail/128/lixte-biotechnology-holdings-regains-compliance-with-nasdaqs-continued-listing-requirements
[2] Marketscreener (2025). Lixte Biotechnology Holdings, Inc. Regains Compliance with Nasdaq’s Continued Listing Requirements. Retrieved from https://www.marketscreener.com/news/lixte-biotechnology-holdings-regains-compliance-with-nasdaq-s-continued-listing-requirements-ce7c5cd9de8df021
[3] Globenewswire (2025). Spartan Capital Securities, LLC Serves as Placement Agent in Lixte Biotechnology Holdings, Inc.'s $1.5 Million Registered Direct Offering. Retrieved from https://www.globenewswire.com/de/news-release/2025/07/09/3112927/0/en/spartan-capital-securities-llc-serves-as-placement-agent-in-lixte-biotechnology-holdings-inc-s-1-5-million-registered-direct-offering.html