On June 29, 2026, the company received notice from Nasdaq that it is not in compliance with Listing Rule 5550(b)(2) because its market value of listed securities fell below the $35 million minimum. Nasdaq granted 180 days, until December 28, 2026, to regain compliance by meeting or exceeding $35 million for at least 10 consecutive business days; the notice does not immediately affect the listing. The company is evaluating actions, including potentially increasing stockholders' equity to at least $2.5 million.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.