Raadr Inc (RDAR)

[BigBadWolf]

1 Requirement (typical Nasdaq Capital Market) 2 Typical threshold / note 3 Spectral (10-Q Jun 30, 2025 verifies well below ALL requirements today)

1 Stockholders’ equity (Equity standard) 2 $5 million (one of the standards). 3 Stockholders’ deficit $(668,838) also well below. (10-Q).

1 Market value of publicly held shares / public float (MVUPHS) 2Nasdaq standards and recent rule moves set multi-million dollar minimums (examples: $4–$15M depending on route/standard; recent guidance raising liquidity thresholds). 3 Market cap / float not sufficient given share price & tiny cash would likely be far under any MVUPHS threshold. (10-Q shows 67,774,002 shares outstanding; price would determine MVUPHS).

1 Net income / operating results (Net income standard) 2 Nasdaq offers a net income path but requires meaningful profits over recent years or alternative thresholds (net income + MVUPHS minimums). Recent changes tighten the bar. 3 No revenue reported for H1 2025; net loss $(1,146,641) YTD. Not eligible for a net-income path.

1 Minimum bid price on initial listing 2 Nasdaq historically expects $4.00 per share (or companies often need reverse splits to reach this). 3 Implied share price well below required levels (company would likely need a reverse split and/or a significant capital raise to reach price & MV thresholds).

1 Corporate governance / public float / holders / market makers 2 Requirements include minimum public float, 300 round-lot holders, 3 market makers minimum, independent audit, audit committee, etc. 3 No evidence in the 10-Q that Spectral currently meets these thresholds (and its financial weakness complicates demonstrating adequate public float/holder base).