Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
This notice of noncompliance has no immediate impact on the continued listing or
trading of the Company's securities on the Nasdaq Capital Market, which will
continue to be listed and traded on Nasdaq, subject to the Company's compliance
with the other Nasdaq continued listing requirements. The Company has until
The notification has no immediate effect on the listing of the Company's common stock on Nasdaq. The Company intends to complete a public offering which the Company believes will bring it into compliance with the Rule and the minimum stockholders' equity requirement for continued listing on Nasdaq. The Company will continue to monitor its compliance with Nasdaq's listing standards and intends to take all reasonable measures available to regain compliance.
Forward-Looking Statements
This report contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Words like "believe," "intend," "will," and
"would" or the negative thereof or other variations thereon or comparable
terminology, are used to identify forward-looking statements, although not all
forward-looking statements contain these words. Although the Company believes
that it is basing its expectations and beliefs on reasonable assumptions within
the bounds of what is currently known about its business and operations, there
can be no assurance that actual results will not differ materially from what the
Company expects or believes. Some of the factors that could cause the Company's
actual results to differ materially from its expectations or beliefs are
disclosed in the "Risk Factors" section, as well as other sections, of its
reports filed with the
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