Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
The Notice states that the Company has 45 calendar days to submit a plan to
regain compliance with theMinimum Public Holders Rule. The Company intends to
submit a plan to regain compliance with the Minimum Public Holders Rule within
the required timeframe. If Nasdaq accepts the Company's plan, Nasdaq may grant
the Company an extension of up to 180 calendar days from the date of the Notice
to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not
accept the Company's plan, the Company will have the opportunity to appeal the
decision in front of a
Forward-looking Statements
The Company makes forward-looking statements in this report within the meaning
of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts for future events. These
statements may be preceded by, followed by or include the words "may," "might,"
"will," "will likely result," "should," "estimate," "plan," "project,"
"forecast," "intend," "expect," "anticipate," "believe," "seek," "continue,"
"target" or similar expressions. These forward-looking statements are based on
information available to the Company as of the date of this report and involve
substantial risks and uncertainties. Actual results may vary materially from
those expressed or implied by the forward-looking statements herein due to a
variety of factors, including the Company's ability to submit a plan to regain
compliance satisfactory to Nasdaq; the Company's ability to evidence that it has
a minimum of 300 public holders; and other risks and uncertainties set forth in
our reports filed with the
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