On June 24, 2026, Nasdaq notified the company that it is not in compliance with Listing Rule 5635(a) due to two prior convertible note issuances that could convert into 20% or more of pre-transaction shares without shareholder approval. The notice has no immediate effect on trading, and the company has until August 10, 2026 to submit a compliance plan, with a possible extension of up to 180 days and appeal rights if the plan is not accepted.
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.