LEGAL PROCEEDINGS
−Removed: may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities.
−Removed: are not currently party to any pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse
−Removed: effect on our financial condition, cash flows or results of operations.
+Added: We may become, from time to time,
+Added: involved in routine litigation or subject to disputes or claims related to our business activities.
+Added: We are not currently party to any
+Added: pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse effect on our financial condition,
+Added: cash flows or results of operations.
+Added: On September 6, 2024, we
+Added: received a staff determination from The Nasdaq Listing Qualifications Department of Nasdaq to delist our Common Stock from Nasdaq indicating
+Added: that (i) we were not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price per share for our Common Stock had
+Added: closed below $1.00 for the previous 30 consecutive business days, and (ii) we are subject to the provisions contemplated under Nasdaq
+Added: Listing Rule 5810(c)(3)(A)(iii) because, as of September 5, 2024, our Common Stock had a closing bid price of $0.10 or less for at least
+Added: ten consecutive trading days (the “Staff Determination”).
+Added: On September 12, 2024, the
+Added: Company requested an appeal hearing on the Staff Determination from a Hearings Panel (the “Panel”) by filing a hearing request
+Added: with Nasdaq pursuant to the procedures set forth in the Nasdaq Listing Rules, staying the delisting of the Company’s common stock
+Added: pending the Panel’s decision Upon successful completion of the Reverse Stock Split, we received a letter from the Nasdaq Office
+Added: of General Counsel on October 23, 2024, advising us that we had regained compliance with the minimum bid price continued listing requirements
+Added: in Listing Rule 5550(a)(2) and that we are therefore in compliance with Nasdaq’s listing requirements.
+Added: Consequently, the scheduled
+Added: hearing before the Panel on October 24, 2024 was cancelled.
+Added: Our Common Stock continues to be listed and traded on Nasdaq.
+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.