Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
Pursuant to the Notice, the Company has seven calendar days (until
As previously disclosed, in addition to the foregoing the Company is not in
compliance with the timely filing requirements for continued listing under
Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its
Quarterly Report on Form 10-Q for the three months ended
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On
The Company, in conjunction with its advisors, has reevaluated the application
of certain accounting principles in the Company's financial statements for the
years ended
The Company's internal review is ongoing and the Company may identify further errors. There can be no assurance that the actual effect of the error corrections will be only as described above.
Management has previously disclosed material weaknesses in its internal control
over financial reporting and disclosure controls and procedures as of the end of
each of the applicable restatement periods and expects to report additional
material weaknesses as a result of the above findings. Management is currently
working to determine the additional material weaknesses in controls and
procedures that were present during each of the applicable restatement periods.
The Company will disclose its evaluation of such controls and procedures as
appropriate in connection with filing of its 2021 Annual Report on Form 10-K,
which will include the restatements to the Company's previously-issued financial
statements for the years ended
The Audit Committee and the Company's management have discussed these matters with the Company's independent public accounting firm.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Number Description of Exhibits 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Current Report on Form 8-K contains statements that are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The
Company intends these forward-looking statements to be covered by the safe
harbor provisions for such statements. All statements that do not concern
historical facts are forward-looking statements. The words "believe," "could,"
"possibly," "probably," "anticipate," "estimate," "project," "expect," "may,"
"will," "should," "seek," "intend," "plan," or "consider" and similar
expressions are intended to identify forward-looking statements but are not the
exclusive means of identifying such statements. Forward-looking statements are
subject to risks and uncertainties, which could cause actual results to differ
materially from such statements, including, but not limited to the risk that the
Company may not be able to file certain delinquent filings under the Securities
Exchange Act of 1934 within the currently expected timeframe, the risk that the
Company may not be able to hold its annual meeting within the currently expected
timeframe, risks that the Company may not regain compliance with Nasdaq
continued listing requirements within the applicable grace period, and other
factors disclosed under the caption "Risk Factors" in our Annual Report on Form
10-K for the year ended
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