ATLANTIC INTERNATIONAL CORP. (ATLN): Nasdaq/NYSE listing notice — SeqLL receives Nasdaq notice for insufficient publicly held shares; must submit compliance plan by Oct 23

ATLANTIC INTERNATIONAL CORP.

Nasdaq letter dated Sept 8, 2023, states SeqLL no longer meets minimum 500,000 publicly held shares required by Listing Rule 5550(a)(4) as of Sept 7.
Non-compliance has no immediate effect on trading; company has until Oct 23, 2023 to submit a plan to regain compliance.
Company intends to complete a public offering of common stock, previously disclosed in connection with a reorganization, to address the deficiency.
If Nasdaq rejects the plan, delisting proceedings will begin; company may appeal to a Nasdaq hearings panel.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

ATLANTIC INTERNATIONAL CORP. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(4)

Exact text from the filing

September 8, 2023, SeqLL Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) regarding compliance with Nasdaq Listing Rule 5550(a)(4) (the “Rule”), which requires the Company to have a minimum of 500,000 publicly held shares, exclusive of shares held by officers, directors and 10% stockholders. The letter from Nasdaq indicated that according to its calculations, as of September 7, 2023, the Company no longer meets the requirements of the Rule. This notice of noncompliance has no immediate impact on the continued listing or trad

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ATLANTIC INTERNATIONAL CORP. filing history →

Source: SEC EDGAR

accession 0001213900-23-076710

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