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)(C), the Company will have 180
calendar days, or until
If the Company does not regain compliance with the rule by
The Company is monitoring the MLVS of its common stock and is evaluating options to regain compliance with the Market Value Standard. However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards.
Forward-looking Statements
The Company makes forward-looking statements in this report within the meaning
of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements relate to expectations or forecasts for future events. These
statements may be preceded by, followed by or include the words "may," "might,"
"will," "will likely result," "should," "estimate," "plan," "project,"
"forecast," "intend," "expect," "anticipate," "believe," "seek," "continue,"
"target" or similar expressions. These forward-looking statements are based on
information available to the Company as of the date of this report and involve
substantial risks and uncertainties. Actual results may vary materially from
those expressed or implied by the forward-looking statements herein due to a
variety of factors, including the Company's ability to regain compliance with
the Market Value Standard during any compliance period or in the future or
otherwise meet Nasdaq compliance standards, and other risks and uncertainties
set forth in our reports filed with the
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