The Company has not regained compliance with the Minimum Bid Price Rule. As a result, on September 20, 2017, the Company received written notice from Nasdaq that the Company’s common stock will be delisted from Nasdaq and suspended at the opening of business on September 29, 2017, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company intends to appeal the Staff determination by requesting a hearing before the Panel to seek continued listing. A hearing request will stay the suspension of the Company’s common stock and the filing of the Form 25-NSE (which Form would remove the Company’s common stock from listing and registration on The Nasdaq Stock Market) pending the Panel’s decision
