Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
The Company has responded to the NYSE with respect to its intent to cure the
deficiency. The Company intends to consider available alternatives, including,
but not limited to, a reverse stock split, subject to stockholder approval no
later than at the Company's next annual meeting of stockholders, if necessary,
to regain compliance. Pursuant to Section 802.01C, the Company has a period of
six months following the receipt of the Notice to regain compliance with the
minimum share price requirement. Section 802.01C also provides for an exception
to the six-month cure period if the action required to cure the price condition
requires stockholder approval, in which case, the action needs to be approved by
no later than the Company's next annual stockholder's meeting. The Company may
regain compliance at any time during the six-month cure period if on the last
trading day of any calendar month during the six-month cure period the Common
Stock has a closing share price of at least
Item 7.01 Regulation FD Disclosure.
As required by Section 802.01C, the Company issued a press release on
A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 News Release, datedDecember 12, 2022 The cover page from the Current Report on Form 8-K formatted in 104 Inline XBRL.
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