Guess I guessed wrong and should have waited!
They say that they will be delisted on June 27.
On June 18, 2024, we received a written notice form Nasdaq notifying us that we failed to comply with the Minimum Bid Price Rule. Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Rule. However, we are not eligible for any compliance period specified in Rule 5810(c)(3)(A) because we effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Accordingly, the Nasdaq staff determined to delist our securities from Nasdaq (the “Staff Determination”). Unless we request an appeal of the Staff Determination, trading of our shares of common stock will be suspended at the opening of business on June 27, 2024, and a Form 25-NSE will be filed with the SEC, which will remove our securities from listing and registration on Nasdaq. We intend to request a hearing before a Nasdaq Hearings Panel (the “Panel”), to appeal the Staff Determination, which request would stay any delisting action pending the issuance of the Panel’s determination.
