Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
As previously reported, on October 14, 2022, Sigma Additive Solutions, Inc.
("we," "our," "us," "Sigma," or the "Company") received notice from The Nasdaq
Stock Market ("Nasdaq") that, based on the previous 30 consecutive business
days, our common stock no longer met the minimum $1 bid price per share
requirement for continued listing. Therefore, in accordance with our Listing
Rules (the "Rules"), we were provided 180 calendar days, or until April 12,
2023, to regain compliance. Although our common stock has not regained
compliance with the minimum $1 bid price per share requirement, on April 13,
2023, Nasdaq notified us that the Nasdaq Staff has granted us an additional 180
calendar day period, or until October 9, 2023, to regain compliance based on our
meeting the continued listing requirement for market value of publicly held
shares and all other applicable requirements for initial listing on The Nasdaq
Capital Market with the exception of the bid price requirement, and our written
notice of our intention to cure the deficiency during the second compliance
period by effecting a reverse stock split, if necessary. According to Nasdaq's
notice, if at any time during this additional time period the closing bid price
of our common stock is at least $1 per share for a minimum of 10 consecutive
business days, the Staff will provide written confirmation of compliance and
this matter will be closed.
If we choose to implement a reverse stock split, it must be completed no later
than ten business days prior to October 9, 2023 to timely regain compliance. If
it appears to Nasdaq that we will not be able to cure the deficiency, or if we
are otherwise not eligible, Nasdaq will notify us that our common stock will be
subject to delisting.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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