8 unchanged sentences
of our common stock.
−Removed: On February 18, 2022, we received a deficiency
−Removed: letter from Nasdaq notifying us that for the last 30 consecutive business days the bid price for our common stock had closed below the
−Removed: minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the
−Removed: “Bid Price Rule”).
−Removed: We have until February 13, 2023 to regain compliance with the Bid Price Rule.
−Removed: We may complete a reverse stock split in order
−Removed: to regain compliance with the Bid Price Rule.
−Removed: We cannot predict the effect that a reverse stock split will have on the market price for
−Removed: shares of our common stock, and the history of similar reverse stock splits for companies in like circumstances has varied.
−Removed: Some investors
−Removed: may have a negative view of a reverse stock split.
−Removed: Even if a reverse stock split has a positive effect on the market price for shares
−Removed: of our common stock, performance of our business and financial results, general economic conditions and the market perception of our business,
−Removed: and other adverse factors which may not be in our control could lead to a decrease in the price of our common stock following the reverse
+Added: On February 18, 2022, the Company received a deficiency
+Added: letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that for the
+Added: last 30 consecutive business days the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement
+Added: for continued inclusion in Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).
+Added: The deficiency
+Added: letter does not result in the immediate delisting of the Company’s common stock from Nasdaq.
+Added: The Company was initially provided an initial period
+Added: of 180 calendar days, or until August 17, 2022, to regain compliance with the Bid Price Rule.
+Added: The Company was granted a second 180 calendar
+Added: day period, or until February 13, 2023, to regain compliance since it met the continued listing requirement for market value of publicly
+Added: held shares and all other initial listing standards required by Nasdaq, except for the minimum bid price requirement.
+Added: On November 28, 2022, the Company’s Board
+Added: of Directors effected a one-for-thirty (1:30) reverse stock split of the Company’s common stock pursuant to such authority granted
+Added: by the Company’s stockholders at the Company’s annual meeting of stockholders completed on August 25, 2022.
+Added: On December 13,
+Added: 2022, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Bid Price Rule 5550(a)(2) as
+Added: a result of the closing bid price of the Company’s common stock being at $1.00 per share or greater for the 10 consecutive business
+Added: days from November 29, 2022 through December 12, 2022.
+Added: Accordingly, the Company is in compliance with the Bid Price Rule and Nasdaq considers
+Added: the matter closed.
+Added: Nevertheless, we cannot predict or guarantee our
+Added: future compliance with the Bid Price Rule and it may become necessary to complete a reverse stock split in order to regain compliance
+Added: with the Bid Price Rule.
+Added: We cannot predict the effect that a reverse stock split will have on the market price for shares of our common
+Added: stock, and the history of similar reverse stock splits for companies in like circumstances has varied.
+Added: Some investors may have a negative
+Added: view of a reverse stock split.
+Added: Even if a reverse stock split has a positive effect on the market price for shares of our common stock,
+Added: performance of our business and financial results, general economic conditions and the market perception of our business, and other adverse
+Added: factors which may not be in our control could lead to a decrease in the price of our common stock following the reverse stock split.
Furthermore, even if the reverse stock split does
15 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.