Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On October 5, 2022, Cryptyde, Inc. (NASDAQ: TYDE) (the "Company") received a
written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") that
the Company is not in compliance with the minimum bid price requirement of $1.00
per share set forth in Nasdaq Rules for continued listing on Nasdaq.
Based on the closing bid price of the Company's listed securities for the 31
consecutive business days from August 22, 2022 to October 4, 2022, the Company
no longer meets the minimum bid price requirement set forth in Listing Rule
5550(a)(2). The Notice is only a notification of deficiency, not of imminent
delisting, and has no current effect on the listing or trading of the Company's
securities on the Nasdaq Capital Market.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been
provided 180 calendar days, or until April 3, 2023, to regain compliance with
Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's common
shares must have a closing bid price of at least $1.00 for a minimum of 10
consecutive business days.
The Company intends to resolve the deficiency and regain compliance with the
Listing Rules ; however, there is no guaranty that the Company will be able to
do so. Ultimately, if the Company is not able to resolve the deficiency and
regain compliance with the Listing Rules, the Company's common stock may be
delisted.
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