secwatch.observer — SEC 8-K summary
======================================

Issuer:     Adamas One Corp. (—)
CIK:        0001884072
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001199835-24-000163
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884072/000119983524000163/0001199835-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884072/000119983524000163/jewl_8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-24-000163

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer