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Alias Born 06/09/2011

Re: None

Thursday, 09/29/2022 5:52:35 PM

Thursday, September 29, 2022 5:52:35 PM

Post# of 72910
$ALPP - regarding the issue of the share price meeting the minium requirement of $1 per share.

Our common stock is currently listed on The Nasdaq Capital Market. The listing standards of The Nasdaq Capital Market require that a company maintain stockholders’ equity of at least $2.5 million and a minimum bid price
S-14


subject to specific requirements of $1.00 per share. The Company recently notified on June 2, 2022, by The Nasdaq Capital Market that the Company's stock price was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market. Should we be unable to regain compliance with the Bid Price Requirement within the 180 days from the date of the notification, or in the future, should we fail to comply with the minimum listing standards applicable to issuers listed on The Nasdaq Capital Market, our common stock may be delisted from The Nasdaq Capital Market. If our common stock is delisted, it could reduce the price of our common stock and the levels of liquidity available to our stockholders. In addition, the delisting of our common stock could materially adversely affect our access to the capital markets, and any limitation on liquidity or reduction in the price of our common stock could materially adversely affect our ability to raise capital on terms acceptable to us or at all. Delisting from The Nasdaq Capital Market could also result in other negative implications, including the potential loss of confidence by suppliers, customers and employees, the loss of institutional investor interest and fewer business development opportunities.

This was taken from this filing:

https://barchart.websol.barchart.com/?module=secFilings&filingid=15945057&type=HTML&popup=1&override=1&symbol=ALPP

180 days from the notice, June 2nd would be November 29th.

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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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