Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On January 4, 2021, the Nasdaq Stock Market notified the Company that it was not in compliance with the Nasdaq's rules for continued listing because the Company did not hold its annual meeting of stockholders prior to December 31, 2020, as required by Nasdaq Rule 5620(a).

The Nasdaq Stock Market informed the Company that under its Rules the Company now has 45 calendar days to submit a plan to regain compliance and if the Nasdaq accept the Company's plan, the Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until June 29, 2021, to regain compliance.

On January 5, 2021, the Company informed the Nasdaq that it expects to file its proxy statement with the SEC within the next couple of weeks and hold its annual meeting of stockholders during the month of February, 2021.







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