Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
The April Notice stated that previously, the Nasdaq Staff had granted the
Company an exception until
The Company currently plans to file both the Form 10-Q and the 2022 10-K as soon as practicable and to submit a plan to Nasdaq detailing the Company's plan to regain compliance with the Listing Rule.
The April Notice has no immediate impact on the listing of the Company's Common Stock, which will continue to be listed and traded on The Nasdaq Capital Market under the symbol "ALPP," subject to the Company's compliance with the requirements outlined above.
There is no assurance that the Company will file the Form 10-Q or the Form 10-K by any particular date or that Nasdaq will accept any plan that the Company may submit.
This report contains forward-looking statements that involve risks and
uncertainties. For example, forward-looking statements include statements
regarding the timing of the filing of the Form 10-Q and the Form 10-K, the
submission of a plan to regain compliance with the Listing Rule and Nasdaq's
potential acceptance of such a plan. Actual results could differ materially from
the results projected in or implied by the forward-looking statements made in
this report. Factors that might cause these differences include, but are not
limited to: the possibility of unanticipated delays that will prevent the filing
of the Form 10-Q or the Form 10-K within the allotted extension period, the risk
that the work necessary to complete the Form 10-Q is greater than anticipated or
may involve the resolution of additional issues identified during the review
process, the potential inability to file a plan to regain compliance in a timely
manner, the risk of potential additional violations of Listing Rule 5250(c)(1),
the risk that the Company may not respond adequately to further inquiries from
Nasdaq, and the risk that Nasdaq will not accept any plan to regain compliance
and will delist the Company's Class A common stock. Other risk factors that may
impact these forward-looking statements are discussed in more detail in the
Company's amended Quarterly Report on Form 10-Q/A filed with the
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File (formatted as Inline XBRL) 99.1 Press Release DatedApril 21, 2022
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