LadRx Corp (LADXD)

[Tekterra]

Take a look at this if you have any questions about continual listing and appeals. Please don't spread false knowledge.

On the deadline for delist, the NASDAQ panel will first determine if they will delist the said company. Prior to that, the company likely would have communicated well ahead of the delisting date.

If the NASDAQ panel decided to delist, the company then can file for an appeal by presenting a plan to convince the panel they can regain compliance.

It's not hard to understand, first you are told you're not in compliance. As the deadline get closer you would try to convince NASDAQ. NASDAQ then make a ruling on it and if you don't agree with their decision, you then appeal. That's why it's called an appeal, it's after the decisions have been made.

RS is the most common method of curing the listing price deficiency even just a 3 for 1 would have easily put us over 1$. The idea is that RS is the easiest way to fix this, it was never a requirement. There have been many companies granted continual listing even if they don't proposal for RS. There are many other factors such as a partnership, merger or even new investor willing to buy at a premium like a public offering above 1$. Many many ways to fix the problem. RS happens to be the easiest one with shareholders approval.

http://www.mbbp.com/news/nasdaq-delisting-process