Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard.
On January 12, 2022, Yunhong CTI Ltd. ("CTI" or the "Company"), received a
notice (the "Notice") of failure to satisfy a continued listing standard from
Nasdaq under Listing Rules 5620 (a) and 5810(c)(2)(G). The Notice indicated that
the Company failed to hold an annual meeting of stockholders within the required
twelve-month period. The Company has 45 days to submit a plan to regain
compliance. If that plan is accepted, CTI may be granted up to 180 calendar days
from the date of the letter to evidence compliance. Failure to regain compliance
with standards for continued listing would result in the ultimate de-listing of
CTI's common stock, ticker symbol "CTIB", from Nasdaq. The Company intends to
respond with a plan designed to regain compliance.
This summary is not intended to include all terms of the Notice, which is filed
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by
reference into this Item 3.01.
Item No. 9.01 - Financial Statements and Exhibits
Exhibit No. Exhibit
99.1 Notice from Nasdaq, dated January 12, 2022.
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
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