---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-24-000163"
form_type: "8-K"
ticker: null
cik: "0001884072"
company_name: "Adamas One Corp."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:52:09.883282+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Adamas One faces Nasdaq delisting after failing bid price rule, will request hearing

## Summary
- On April 11, 2024, Nasdaq notified Adamas One of noncompliance with minimum bid price rule (Rule 5550(a)(2)) after failing to regain compliance by April 9, 2024.
- Company is not eligible for second 180-day compliance period due to failure to meet $5M minimum stockholders' equity requirement as of Dec 31, 2023.
- Adamas One will request a hearing before the Nasdaq Hearings Panel to stay delisting; Panel can grant extension until Oct 8, 2024.
- No assurance that the Panel will grant the request or that compliance will be regained.

## SEC filing metadata
- accession: 0001199835-24-000163
- form_type: 8-K
- cik: 0001884072
- company_name: Adamas One Corp.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884072/000119983524000163/0001199835-24-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884072/000119983524000163/jewl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-24-000163
- JSON: https://secwatch.observer/filing/0001199835-24-000163.json
- Plain text: https://secwatch.observer/filing/0001199835-24-000163.txt

## Key facts
- Listing & Compliance Notices
  Adamas One Corp. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: April 11, 2024, the Company received notification that it had failed to regain compliance with the Rule and is not eligible for a second 180 day compliance period because of its failure to comply with the $5 million minimum stockholders’ equity initial listing requirement for the period ended December 31, 2023. Unless the Company timely requests a hearing before an independent Nasdaq Hearings Panel (the “Panel”), the Company’s securities will be subject to delisting. Accordingly, the Company will request a hearing before the Panel. The hearing request will automatically stay any suspension or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884072/000119983524000163/0001199835-24-000163-index.htm

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