Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On
The notification states that the Company has 45 calendar days to submit
a plan to regain compliance with the MPLS Requirement for continued listing. If
Nasdaq accepts the Company's plan, Nasdaq may grant the Company an extension of
up to 180 calendar days from the date of the notification to evidence compliance
with the MPLS Requirement. If Nasdaq does not accept the Company's plan, the
Company will have the opportunity to appeal the decision in front of a
Also on
This notification has no immediate effect on the listing or trading of the
Company's common stock on The Nasdaq Global Market and the Company's common
stock will continue to trade under the symbol "GATE". In accordance with Nasdaq
Listing Rule 5810(c)(3)(D), the Company has a period of 180 calendar days, or
until
The Company intends to monitor the market value of the Company's listed
securities and will consider available options to regain compliance with the
MVPHS Requirement. In the event the Company does not regain compliance with the
MVPHS Requirement prior to the Compliance Date, it will receive written
notification that its securities are subject to delisting from The Nasdaq Global
Market. At such time, the Company will have the opportunity to appeal the
delisting decision in front of a
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