IRIDEX receives Nasdaq notice for MVLS below $50M; plans transfer to Capital Market

IRIDEX CORP

On June 27, 2024, Nasdaq notified IRIX that its market value of listed securities was below $50M for 30 consecutive business days.
Company intends to transfer listing from Nasdaq Global Market to Nasdaq Capital Market to regain compliance.
Notice has no immediate effect on trading; shares continue on Nasdaq under symbol IRIX.
Application for transfer must meet Capital Market requirements; company expects acceptance.

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