LEGAL PROCEEDINGS
−Removed: We may become, from time to time,
−Removed: involved in routine litigation or subject to disputes or claims related to our business activities.
−Removed: We are not currently party to any
−Removed: pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse effect on our financial condition,
−Removed: cash flows or results of operations.
−Removed: On September 6, 2024, we
−Removed: received a staff determination from The Nasdaq Listing Qualifications Department of Nasdaq to delist our Common Stock from Nasdaq indicating
−Removed: 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
−Removed: closed below $1.00 for the previous 30 consecutive business days, and (ii) we are subject to the provisions contemplated under Nasdaq
−Removed: 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
−Removed: ten consecutive trading days (the “Staff Determination”).
−Removed: On September 12, 2024, the
−Removed: Company requested an appeal hearing on the Staff Determination from a Hearings Panel (the “Panel”) by filing a hearing request
−Removed: with Nasdaq pursuant to the procedures set forth in the Nasdaq Listing Rules, staying the delisting of the Company’s common stock
−Removed: pending the Panel’s decision Upon successful completion of the Reverse Stock Split, we received a letter from the Nasdaq Office
−Removed: of General Counsel on October 23, 2024, advising us that we had regained compliance with the minimum bid price continued listing requirements
−Removed: in Listing Rule 5550(a)(2) and that we are therefore in compliance with Nasdaq’s listing requirements.
−Removed: Consequently, the scheduled
−Removed: hearing before the Panel on October 24, 2024 was cancelled.
−Removed: Our Common Stock continues to be listed and traded on Nasdaq.
+Added: may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities.
+Added: are not currently party to any pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse
+Added: effect on our financial condition, cash flows, or results of operations.
+Added: January 29, 2026, we received a determination from the Staff that the bid price of the common stock had closed below the $1.00 minimum
+Added: required by Nasdaq Listing Rule 5550(a)(2) for the prior 30 consecutive business days (the “Minimum Bid Price Requirement”)
+Added: and that the Staff had determined to delist our securities from the Nasdaq Capital Market subject to a compliance period.
+Added: Nasdaq provided
+Added: us with a 180-calendar day compliance period, or until July 28, 2026, to regain compliance with the listing rule.
+Added: We are currently evaluating
+Added: options to regain compliance and intend to timely regain compliance with the Minimum Bid Price Requirement.
+Added: Under Nasdaq rules, we are
+Added: currently eligible to conduct a reverse stock split of our common stock to regain compliance if necessary.
MINE SAFETY DISCLOSURES
−Removed: 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.