Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On
The Notice has no immediate effect on the listing or trading of the Company's
common stock on the Nasdaq Capital Market. The Notice states that the Company
has 60 calendar days from the date of the Notice, or
The Company continues to work diligently to finalize its Annual Report and plans to file its Annual Report as promptly as possible to regain compliance with the Listing Rule.
Item 7.01 Regulation FD Disclosure
A press release, dated
The information furnished in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Cautionary Statement Regarding Forward-Looking Statements
This filing contains a number of forward-looking statements. Words such as
"expect," "will," "working," "plan" and variations of such words and similar
future or conditional expressions are intended to identify forward-looking
statements. These forward-looking statements include, but are not limited to,
statements regarding the Company's beliefs and expectations relating to the
filing of its Annual Report and to the Company's ability to regain compliance
with the Nasdaq Listing Rule. These forward-looking statements are not
guarantees of future results and are subject to a number of risks and
uncertainties, many of which are difficult to predict and beyond the Company's
control. Important factors that may cause actual results to differ materially
from those in the forward-looking statements include, but are not limited to, a
material delay in the Company's financial reporting, including the possibility
that the Company will not be able to file its Annual Report within the next
several days, the Company's independent auditor's ability to finalize its review
of the consolidated financial statements of the Company and the Annual Report in
a timely manner, the Company's ability to respond in a timely and satisfactory
manner to the inquiries by Nasdaq, the Company's ability to regain compliance
with the Nasdaq Listing Rule, the Company's ability to become current with its
reports with the
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description of Exhibit 99.1 Press release, datedFebruary 6, 2023 . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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