Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On
In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180
calendar days, or until
If the Company does not regain compliance with the MVPHS Requirement by the Compliance Date, Nasdaq Staff will provide written notice to the Company that its securities are subject to delisting. At that time, the Company may appeal any such delisting determination to a Nasdaq hearing's panel.
The Company intends to actively monitor its MVPHS between now and the Compliance Date, and may, if appropriate, evaluate available options including applying for a transfer to The Nasdaq Capital Market to resolve the deficiency and regain compliance with the MVPHS requirement. While the Company is exercising diligent efforts to maintain the listing of its Securities on Nasdaq Global, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq Global listing standards.
Forward-Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the
meaning of the safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995. Certain of these forward-looking statements can
be identified by the use of words such as "believes," "expects," "intends,"
"plans," "estimates," "assumes," "may," "should," "will," "seeks," or other
similar expressions. Such statements may include, but are not limited to,
statements regarding the Company's ability to regain compliance with the MVPHS
Requirement that is satisfactory to Nasdaq and the Company's ability to evidence
compliance with the MVPHS Requirement within the required timeframe. These
statements are based on current expectations on the date of this Current Report
on Form 8-K and involve a number of risks and uncertainties that may cause
actual results to differ significantly, including those risks set forth in the
Company's most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q and other documents filed with the
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