19 unchanged sentences
The notice had no immediate effect
−Removed: on the listing or trading of our common stock, and our common stock will continue to trade on The Nasdaq Capital Market under the symbol
−Removed: “GNUS” at this time.
−Removed: accordance with Nasdaq Listing Rule 5810(c)(3)(A), we have a grace period of 180 calendar days, or until August 31, 2022, to regain compliance
−Removed: with Nasdaq Listing Rule 5550(a)(2).
−Removed: Compliance will be achieved automatically and without further action when the closing bid price of
−Removed: our common stock is at or above $1.00 for a minimum of 10 consecutive business days at any time during the 180-day compliance period,
−Removed: in which case Nasdaq will notify us of our compliance and the matter will be closed.
−Removed: If, however, we do not achieve compliance with the Minimum Bid Price
−Removed: Requirement by August 31, 2022, we may be eligible for additional time to comply.
−Removed: In order to be eligible for such additional time, we
−Removed: will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards
−Removed: for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and we must notify Nasdaq in writing of its intention
−Removed: to cure the deficiency during the second compliance period.
−Removed: There can be no guarantee that we will regain compliance with the Minimum
−Removed: Bid Price Requirement, that we will maintain compliance with other Nasdaq Listing Rules, or that we will be eligible for a second compliance
+Added: on the listing or trading of our common stock, and our common stock has continued to trade on The Nasdaq Capital Market under the symbol
+Added: accordance with Nasdaq Listing Rule 5810(c)(3)(A), we were granted an initial grace period of 180 calendar days, or until August 31, 2022
+Added: (the “Initial Compliance Period”), to regain compliance with the Minimum Bid Price Requirement.
+Added: Compliance would be achieved
+Added: automatically and without further action if the closing bid price of our common stock remained at or above $1.00 for a minimum of 10 consecutive
+Added: business days at any time during the Initial Compliance Period.
+Added: We did not regain compliance with the Minimum Bid Price Requirement during
+Added: the Initial Compliance Period.
+Added: September 1, 2022, we received a new notice from Nasdaq notifying us that it had determined to grant us an extension of another 180 days,
+Added: or until February 27, 2023 (the “Second Compliance Period”) to regain compliance with the Minimum Bid Price Requirement.
+Added: to this second notice, if at any time during the Second Compliance Period, the closing bid price of our common stock is at least $1.00
+Added: per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that we have achieved compliance with
+Added: the Minimum Bid Price Requirement and the common stock will continue to be eligible for listing on The Nasdaq Capital Market.
+Added: compliance with the Minimum Bid Price Requirement cannot be demonstrated by February 27, 2023, Nasdaq will provide written notification
+Added: that our common stock will be subject to delisting.
+Added: At that time, we may appeal Nasdaq’s delisting determination to a panel.
+Added: can be no assurance that, if we do appeal Nasdaq’s delisting determination to the panel, such appeal would be successful.
Risks Related to the Wow Acquisition
−Removed: We may not realize
−Removed: all of the anticipated financial, marketing and operational benefits of the Wow Acquisition.
+Added: We may not realize all of the anticipated
+Added: financial, marketing and operational benefits of the Wow Acquisition.
The benefits we expect to
5 unchanged sentences
and cost synergies we currently expect within the anticipated time frame or at all.
−Removed: For example, me may be unable to eliminate duplicative
+Added: For example, we may be unable to eliminate duplicative
costs, achieve growth plans, or effectively increase market share exposure.
6 unchanged sentences
to be inaccurate.
−Removed: Exchange Rate fluctuations
−Removed: could result in significant foreign currency gains and losses and affect our business results.
+Added: Exchange Rate fluctuations could result
+Added: in significant foreign currency gains and losses and affect our business results.
Because the results of Wow
8 unchanged sentences
to minimize the impact of foreign currency fluctuations.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES
+Added: AND USE OF PROCEEDS.
+Added: DEFAULTS UPON SENIOR SECURITIES.
+Added: MINE SAFETY DISCLOSURES.
+Added: Not applicable.
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.