Item 3.01 Notice of Delisting or a Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On January 8, 2019, Dynasil Corporation of America (the
"Company") received notice from The Nasdaq Stock Market
("Nasdaq") that, because the closing bid price for the Company's
common stock has remained below $1.00 per share for 30
consecutive business days, the Company no longer complies with
the minimum bid price requirement for continued listing on The
Nasdaq Capital Market, set forth in Nasdaq Marketplace Rule
Nasdaq's notice has no immediate effect on the listing or trading
of the Company's common stock on The Nasdaq Capital Market.
Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company
has been provided an initial compliance period of 180 calendar
days from the date of the notice, or until July 8, 2019, to
regain compliance with the minimum bid price requirement. To
regain compliance, the closing bid price of the Company's common
stock must meet or exceed $1.00 per share for a minimum of 10
consecutive business days prior to July 8, 2019.
If the Company does not regain compliance by July 8, 2019, the
Company may be eligible for an additional 180 day grace period.
To qualify, the Company would be required to meet the continued
listing requirement for market value of publicly held shares and
all other initial listing standards for The Nasdaq Capital
Market, with the exception of the bid price requirement, and will
need to provide written notice of its intention to cure the
deficiency during the second compliance period, by effecting a
reverse stock split, if necessary. If the Nasdaq staff determines
that the Company will not be able to cure the deficiency, or if
the Company is otherwise not eligible for such additional
compliance period, Nasdaq will provide notice that the Company's
common stock will be subject to delisting. The Company would have
the right to appeal a determination to delist its common stock,
and the common stock would remain listed on The Nasdaq Capital
Market until the completion of the appeal process.
The Company is considering actions that it may take in response
to this notice in order to regain compliance with applicable
requirements for continued listing on The Nasdaq Capital Market.
There can be no assurance that the Company will be successful in
maintaining its listing of its common stock on The Nasdaq Capital
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