On July 20, 2026, Nasdaq's Hearings Panel granted the company continued listing subject to demonstrating a closing bid price of at least $1.00 for 10 consecutive trading days by July 31, 2026, addressing prior noncompliance with Nasdaq Listing Rule 5450(a)(1). To support compliance, the company effected a 1-for-25 reverse stock split on July 20, 2026, and its shares opened at $7.12 on a split-adjusted basis. There is no assurance the company will regain compliance within the required timeframe.
Original SEC Filing:
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