On July 10, 2026, Nasdaq notified the company that it determined to delist its common stock after the bid price stayed below $1.00 for 31 consecutive business days, violating Listing Rule 5550(a)(1). Because the company conducted a 1-for-30 reverse split on October 27, 2025, it is not eligible for the 180-day compliance period; absent a timely hearing request, trading is expected to be suspended on July 21, 2026. The company plans to request a hearing by July 17, which would stay the suspension and allow trading to continue pending the panel’s decision.
Original SEC Filing:
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