Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
This notification has no immediate effect on the listing of the Company's shares
on Nasdaq. However, if the Company fails to timely regain compliance with the
Nasdaq Listing Rule, the Company's common stock will be subject to delisting
from Nasdaq. Under Nasdaq rules, the Company has 60 calendar days to submit to
Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If Nasdaq
accepts the Company's plan, then Nasdaq may grant the Company up to 180 days
from the prescribed due date for filing the Form 10-K to regain compliance. If
Nasdaq does not accept the Company's plan, then the Company will have the
opportunity to appeal that decision to a
The Company is working diligently and expects to file the Form 10-Q within the 60-day period described above, which would eliminate the need for the Company to submit a formal plan to regain compliance.
Item 7.01. Regulation FD Disclosure.
On
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release Dated
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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