Energy Focus faces Nasdaq delisting for insufficient equity ($1.526M vs $2.5M required)

ENERGY FOCUS, INC/DE

As of Sept 30, 2022, stockholders' equity was $1.526M, below Nasdaq's $2.5M minimum requirement.
Company has 45 days (until Jan 3, 2023) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180-day extension from Nov 16, 2022.
Failure to regain compliance could lead to delisting of common stock from Nasdaq Capital Market.
Company evaluating actions and intends to submit compliance plan.

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