---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025696"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2022-11-25T23:59:59+00:00"
generated_at: "2026-06-21T13:10:48.621053+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# JanOne receives Nasdaq notice of non-compliance with $2.5M equity minimum

## Summary
- On Nov 23, 2022, JanOne received Nasdaq notice of failure to comply with Listing Rule 5550(b)(1) requiring minimum $2.5M in stockholders' equity.
- Notice has no immediate effect on listing; company has 45 days to submit a plan to regain compliance.
- If plan accepted, Nasdaq may grant up to 180-day extension for company to demonstrate compliance.
- Company is evaluating actions but has not finalized its plan to submit to Nasdaq staff.

## SEC filing metadata
- accession: 0000950170-22-025696
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2022-11-25T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000095017022025696/0000950170-22-025696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000095017022025696/jan-20221123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025696
- JSON: https://secwatch.observer/filing/0000950170-22-025696.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025696.txt

## Key facts
- Listing & Compliance Notices
  AI Financial Corp received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: November 23, 2022, JanOne Inc. (the “Company”) received a notice (the “Nasdaq Notice”) from The NASDAQ Stock Market (“Nasdaq”) that the Company does not presently comply with Nasdaq’s Listing Rule 5550(b)(1) that requires the Company to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. The Nasdaq Notice does not have any immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market and the Company has 45 calendar days from the date of the Nasdaq Notice to submit a plan to Nasdaq to regain compliance with Nasdaq’s continued listing rule
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000095017022025696/0000950170-22-025696-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.