Sphere 3D Corp. (ANY)

[oiledgearz]

Nasdaq compliance issues again... it ain't just the stock price... with the new, slimmed down company, hard to see how they can get the stockholder equity up without another capital raise (good luck trying that... but what do I know) ... from the Jan 17th 8-K:

"... Company was not in compliance with the minimum stockholders’ equity requirement ... for continued listing on The NASDAQ Capital Market because the Company’s stockholders’ equity of $707,000 as reported in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2018, is below the required minimum of $2.5 million, and as of the date of the notification, the Company did not meet the alternatives of market value of listed securities or net income from continuing operations...the Company had 45 calendar days, or until December 27, 2018, to submit a plan to regain compliance.

"Company submitted a plan of compliance addressing how it intended to regain compliance ... within 180 days of notification, or May 13, 2019, which was accepted by Nasdaq on January 11, 2019.

"If the Company does not regain compliance by May 13, 2019, or if the Company fails to satisfy another Nasdaq requirement for continued listing, Nasdaq staff could provide notice that the Company’s common shares will become subject to delisting. In such event, Nasdaq rules permit the Company to appeal any delisting determination to a Nasdaq Hearings Panel. Accordingly, there can be no guarantee that the Company will be able to maintain its Nasdaq listing.