15 unchanged sentences
requires companies listed on the Nasdaq Capital Market to maintain stockholders’ equity of at least $2.5 million for continued listing.
−Removed: As of June 30, 2024, our stockholders’ equity was $3.8 million and there can be no assurance that we will be able to maintain or
−Removed: increase our stockholders’ equity in the future.
−Removed: If our stockholders equity falls below $2.5 million, as a result of operating losses
−Removed: or for other reasons, or if we are unable to demonstrate to Nasdaq’s satisfaction that we subsequently regained compliance with
−Removed: this requirement, Nasdaq will notify us of such non-compliance.
−Removed: If we receive such notice from Nasdaq, in accordance with the Nasdaq Listing
−Removed: Rules, we will have 45 calendar days from the date of the notification to submit a plan to regain compliance with Nasdaq Listing Rule
−Removed: If our compliance plan is accepted, we may be granted up to 180 calendar days from the date of the initial notification to
−Removed: evidence compliance.
−Removed: If our compliance plan is not accepted or we are otherwise unable to evidence compliance within Nasdaq’s allotted
−Removed: timeframe, Nasdaq may take steps to delist our common stock.
+Added: As of September 30, 2024, our stockholders’ equity was $4.9 million and there can be no assurance that we will be able to maintain
+Added: or increase our stockholders’ equity in the future.
+Added: If our stockholders’ equity falls below $2.5 million, as a result of operating
+Added: losses or for other reasons, or if we are unable to demonstrate to Nasdaq’s satisfaction that we subsequently regained compliance
+Added: with this requirement, Nasdaq will notify us of such non-compliance.
+Added: If we receive such notice from Nasdaq, in accordance with the Nasdaq
+Added: Listing Rules, we will have 45 calendar days from the date of the notification to submit a plan to regain compliance with Nasdaq Listing
+Added: Rule 5550(b)(1).
+Added: If our compliance plan is accepted, we may be granted up to 180 calendar days from the date of the initial notification
+Added: to evidence compliance.
+Added: If our compliance plan is not accepted or we are otherwise unable to evidence compliance within Nasdaq’s
+Added: allotted timeframe, Nasdaq may take steps to delist our common stock.
Such a delisting would have
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consider any and all options available to us to maintain compliance with Nasdaq Listing Rule 5550(b)(1).
−Removed: On January 24, 2024, we received
−Removed: notice (the “ Notification Letter ”) from Nasdaq notifying us that we were not in compliance with the minimum bid price
−Removed: requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
−Removed: Nasdaq Listing Rule 5550(a)(2)
−Removed: requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure
−Removed: to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
−Removed: closing bid price of our common stock for the 30 consecutive business days prior to the date of the Notification Letter, we no longer
−Removed: met the minimum bid price requirement.
−Removed: On July 19, 2024, we received written notice (the “ Second Notification Letter ”)
−Removed: from Nasdaq notifying us that we had regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2)
−Removed: for continued listing on The Nasdaq Capital Market.
−Removed: The Second Notification Letter was sent following the implementation of a one-for-nine
−Removed: reverse split of our common stock (the “ Reverse Split ”), which became effective on July 5, 2024.
−Removed: Additional information
−Removed: regarding the Reverse Split can be found in our Current Report on Form 8-K filed on July 2, 2024.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
5 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.