1 unchanged sentence
I, Item 1A except the notice related to the Nasdaq Listing Qualifications Department, mentioned as follows:
−Removed: On March 16, 2023, the Company received a letter from Nasdaq Stock Market LLC (“Nasdaq”) that the
−Removed: Company did not maintain a minimum closing bid price of $1 per share for its common stock, as required by Nasdaq listing rule 5550(a)(2).
−Removed: The Company had 180 calendar days, or until September 12, 2023, to regain compliance.
−Removed: On September 13, 2023, the Company received notice from the Nasdaq
−Removed: Listing Qualifications Department (the “Staff”) of the Nasdaq advising that the Staff determined that the Company is eligible
−Removed: for an additional 180 calendar day period, or until March 11, 2024, to regain compliance with its minimum bid price requirement rule under
−Removed: Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) pursuant to the Nasdaq Listing Rule 5810(c)(3)(A).
+Added: have been notified by The Nasdaq Stock Market LLC of our failure to comply with certain continued listing requirements and, if we are
+Added: unable to regain compliance with all applicable continued listing requirements and standards of Nasdaq, our Class A common stock and
+Added: redeemable warrants could be delisted from Nasdaq, which would have an adverse impact on the trading, liquidity, and market price of
+Added: our Class A common stock and redeemable warrants.
+Added: April 5, 2024, the Company received a letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company did not maintain a
+Added: minimum closing bid price of $1 per share for its common stock, as required by Nasdaq listing rule 5550(a)(2).
+Added: The Company had 180 calendar
+Added: days, or until October 2, 2024, to regain compliance.
notification has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade
1 unchanged sentence
The Company has a period of an additional 180 calendar
−Removed: days, or until March 11, 2024, to regain compliance with the Minimum Bid Price Requirement.
−Removed: If at any time before March 11, 2024, the
+Added: days, or until October 2, 2024, to regain compliance with the Minimum Bid Price Requirement.
+Added: If at any time before October 2, 2024, the
bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Staff
6 unchanged sentences
If the Company chooses to implement a reverse stock split, we must complete the reverse stock split
−Removed: no later than 10 business days prior to the expiration date of the additional compliance period on March 11, 2024 in order to timely
+Added: no later than 10 business days prior to the expiration date of the additional compliance period on October 2, 2024 in order to timely
regain compliance.
13 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.