7 unchanged sentences
As of the date of this Quarterly Report, there have been no material
−Removed: changes to the risk factors disclosed in our Annual Report on Form 10-KT filed with the SEC on March 25, 2025, except as included below.
−Removed: We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.
−Removed: We are currently not in compliance with
−Removed: Nasdaq’s continued listing requirements.
−Removed: If we are unable to comply with Nasdaq’s continued listing requirements, our common
−Removed: stock could be delisted, which could affect the price of our common stock and liquidity and reduce our ability to raise capital.
−Removed: Our common stock is currently
−Removed: listed on The Nasdaq Capital Market.
−Removed: The Nasdaq Capital Market has established certain quantitative criteria and qualitative standards
−Removed: that companies must meet to remain listed for trading on this market.
−Removed: On April 30, 2025, we received
−Removed: written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”)
−Removed: stating that we are not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) because the Company has not maintained
−Removed: a minimum closing bid price of the Company’s common stock of at least $1.00 per share for the 30 consecutive business day
−Removed: period between March 14, 2025 through April 28, 2025.
−Removed: The Notice has no immediate effect on the listing or trading of the Company’s
−Removed: The Company has 180 calendar
−Removed: days from the date of the Notice, or until October 27, 2025, to regain compliance.
−Removed: If the Company is not deemed in compliance before the
−Removed: expiration of the 180 day compliance period, it will be afforded an additional 180 day compliance period, provided that the Company meet
−Removed: the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing
−Removed: on The Nasdaq Capital Market (except for the Rule) based on the Company’s most recent public filings and market information and
−Removed: provides written notice to Nasdaq of its intention to cure this deficiency during the second compliance period.
−Removed: On August 1, 2025, we received
−Removed: an additional written notice from the Listing Qualifications Department of Nasdaq stating that the Company is not in compliance with Nasdaq
−Removed: Listing Rule 5550(b)(2) because it has not maintained a minimum Market Value of Listed Securities (“MVLS”) of $35 million
−Removed: for the last 30 consecutive business days, specifically from June 13, 2025, to July 31, 2025.
−Removed: In accordance with Nasdaq Listing Rule 5810(c)(3)(C),
−Removed: the Company has been provided a compliance period of 180 calendar days, or until January 28, 2026, to regain compliance.
−Removed: To regain compliance,
−Removed: the Company's MVLS must close at $35 million or more for a minimum of ten consecutive business days during this period.
−Removed: The Company intends to monitor the bid price and Market Value
−Removed: of the Company’s listed securities and may, if appropriate, consider available options to regain compliance with the Rule.
−Removed: can be no assurance that the Company will be able to regain compliance with the Rule.
−Removed: Any delisting of our common
−Removed: stock could adversely affect the market liquidity of our common stock and the market price of our common stock could decrease.
−Removed: delisting of our common stock could result in the loss of confidence by investors and adversely affect our ability to raise capital on
−Removed: terms acceptable to us, or at all.
−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: DEFAULTS UPON SENIOR SECURITIES
−Removed: MINE SAFETY DISCLOSURES
−Removed: Not applicable.
+Added: changes to the risk factors disclosed in our Annual Report on Form 10-KT filed with the SEC on March 25, 2025.
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.