INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC): Nasdaq/NYSE listing notice — ISSC regains Nasdaq compliance after audit committee composition issue

INNOVATIVE SOLUTIONS & SUPPORT INC

Company inadvertently violated Nasdaq Rule 5605(c)(2) due to audit committee member not independent.
Parizad Olver Parchi removed from Audit Committee after $72,990 consulting fee to her firm.
Stephen Belland appointed to Audit Committee effective January 28, 2024.
Nasdaq confirmed compliance regained on January 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

INNOVATIVE SOLUTIONS & SUPPORT INC received a nasdaq compliance regained notice regarding audit committee (rules 5605(c)(2)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: audit committee
Rules: 5605(c)(2)

Exact text from the filing

January 31, 2024, Nasdaq issued a letter to the Company acknowledging the non-compliance described above and confirming that, subject to the satisfaction of applicable disclosure requirements, the Company has regained compliance with Nasdaq Listing Rule 5605(c)(2). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE SOLUTIONS AND SUPPORT, INC. Date: February 2, 2024 By: /s/ Shahram Askarpour Shahram Askarpour Chief Executive Office

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Source: SEC EDGAR

accession 0001104659-24-010027

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