ATLANTIC INTERNATIONAL CORP. (ATLN): Nasdaq/NYSE listing notice — SeqLL receives Nasdaq deficiency notice for insufficient publicly held shares; plan due Sept 25

ATLANTIC INTERNATIONAL CORP.

Nasdaq notified SeqLL that publicly held shares fell below the required 500,000 minimum (Rule 5550(a)(4)).
Supplemental letter received Sept 18, 2023; company must submit compliance plan by Sept 25, 2023.
If plan is rejected, Nasdaq will delist the securities; SeqLL may appeal to a hearings panel.
SeqLL expects to regain compliance by issuing a stock dividend to pre-merger stockholders under the pending reorganization.
Trading continues on Nasdaq Capital Market with no immediate impact while the company pursues a plan.

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. On September 18, 2023, the Company received a letter from the Listing Qualifications

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18 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

ATLANTIC INTERNATIONAL CORP. filing history →

Source: SEC EDGAR

accession 0001213900-23-078796

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