Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfers of Listing
On
The Notice from Nasdaq 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 Nasdaq Capital Market. In accordance with Nasdaq Listing Rule
5810(c)(3)(C), the Company has been provided a period of 180 calendar days, or
until
The Notice states that the Nasdaq staff will provide written confirmation of
compliance that the Company has achieved compliance with Rule 5550(b)(2) if at
any time before
If compliance is not achieved by
The Company will continue to monitor its MVLS and consider its available options to regain compliance with the Nasdaq minimum MVLS requirements, but there can be no assurance that the Company will be able to do so.
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