SEC dismisses proceeding to revoke IEH's securities registration; company plans uplisting

IEH Corp

SEC denied Division of Enforcement's motion for summary disposition and granted IEH's cross-motion, dismissing the proceeding.
IEH was delinquent in filing periodic reports for over 2.5 years but has been current since November 2023.
IEH CEO said company will immediately commence efforts to uplist to a platform allowing greater liquidity and shareholder visibility.
SEC found IEH's remedial steps and credible assurances against future violations justified dismissal rather than revocation.

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