Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
This notice from Nasdaq has no immediate effect on the listing of the Company's
common stock on the Nasdaq Capital Market. The Company has 60 days within which
to either cure the deficiency or to submit a plan to Nasdaq showing how it
intends to regain compliance. If Nasdaq accepts the plan submitted by the
Company, Nasdaq can grant an extension of the grace period for shares of the
Company's common stock to remain listed for up to 180 calendar days from the
10-K's due date, or until
The Company intends to submit the compliance plan as soon as practicable but no
later than
The statements contained in this Current Report on Form 8-K, and oral statements
made regarding the subjects of this Current Report on Form 8-K, contains
"forward-looking statements" within the meaning of the Securities Litigation
Reform Act of 1995, or the Reform Act, which may include, but are not limited
to, statements regarding the Company's estimates, plans, objectives,
expectations and intentions and other statements contained in this press release
that are not historical facts, including statements identified by words such as
"believe," "plan," "seek," "expect," "intend," "estimate," "anticipate," "will,"
and similar expressions. All statements addressing the Company's ability to
regain compliance with the Nasdaq listing requirements or to develop a plan
acceptable to Nasdaq for an extension of the 60-day grace period, as well as
statements expressing optimism or pessimism about future operating results are
forward-looking statements within the meaning of the Reform Act. The
forward-looking statements are based on management's current views and
assumptions regarding future events and operating performance, and are
inherently subject to significant uncertainties and contingencies and changes in
circumstances, many of which are beyond the Company's control. The statements in
this press release are made as of the date of this press release, even if
subsequently made available by the Company on its website or otherwise. The
Company does not undertake any obligation to update or revise these statements
to reflect events or circumstances occurring after the date of this Current
Report on Form 8-K. For additional factors that could cause results to differ
materially from forward-looking statements contained in this Current Report on
Form 8-K, see the cautionary language set forth before the "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in
Item 2 of the Company's Quarterly Report on Form 10-Q for the quarter ended
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Number Description 99.1 Press Release, datedApril 24, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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