Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
Under the Nasdaq Listing Rules, the Company has a period of 180 calendar days to
regain compliance. To regain compliance, the closing bid price of the Company's
common stock must be at least
The Company will take all reasonable measures available to the Company to achieve compliance to allow for continued listing on Nasdaq. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or will otherwise be in compliance with other Nasdaq listing criteria.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this Current Report on Form 8-K about the Company's future
expectations, plans and prospects, including statements about the impact of the
COVID-19 pandemic and the Company's financial position and results, total
revenue, product revenue, gross margin, operations and growth, as well as other
statements containing the words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "might," "plan," "potential," "predict,"
"project," "should," "target," "will," or "would" or the negative of these terms
or other and similar expressions are intended to identify forward-looking
statements within the meaning of the safe harbor provisions of The Private
Securities Litigation Reform Act of 1995, although not all forward-looking
statements contain these identifying words. The Company may not actually achieve
the plans, intentions or expectations disclosed in these forward-looking
statements, and you should not place undue reliance on these forward-looking
statements. Actual results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking statements the
Company makes as a result of a variety of risks and uncertainties, including
risks related to the COVID-19 pandemic and the response to the pandemic; risks
related to the Company's estimates and expectations regarding the Company's
revenue, gross margin, expenses, revenue growth and other results of operations,
and the other risks and uncertainties described in the "Risk Factors" sections
of the Company's public filings with the
--------------------------------------------------------------------------------
© Edgar Online, source