Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On
The MVPHS Notice has no immediate effect on the listing of the Company's
securities on Nasdaq and in accordance with Nasdaq Listing Rule 5810(c)(3)(D),
the Company has been provided a period of 180 calendar days from the date of the
MVPHS Notice, or until
In order to regain compliance, the Market Value of Publicly Held Shares of the
Company must close at
In the event that the Company does not regain compliance within the Compliance Period, the Company may be eligible to transfer to the Nasdaq Capital Market before the expiry of the Compliance Period. To qualify, the Company would be required to meet the continued listing requirements for the Nasdaq Capital Market. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is not otherwise eligible, Nasdaq will provide notice to the Company that its listed securities will be subject to delisting. In the event of such notification, the Company may appeal Nasdaq's determination to delist its securities, but there can be no assurance Nasdaq would grant the Company's request for continued listing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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