Adamas One Corp.: Nasdaq/NYSE listing notice — Adamas One (JEWL) gets Nasdaq delisting notice; 180 days to regain $1.00 bid price

Adamas One Corp.

Nasdaq notified Adamas One on Oct 12, 2023 of bid price non-compliance; 180-day cure period ends April 9, 2024.
To regain compliance, bid price must close at $1.00 or more for 10 consecutive business days by April 9, 2024.
If still non-compliant, may qualify for second 180-day period if other initial listing standards are met.
Failure to regain compliance could lead to delisting; company expects trading on OTC Markets.
Company will evaluate options but cannot assure regaining compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

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

Adamas One Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

October 12, 2023, Adamas One Corp . (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, $0.001 par value per share (the “Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Req

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Source: SEC EDGAR

accession 0001199835-23-000517

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