regulatory
confidence high
sentiment negative
materiality 0.60
Yunhong CTI receives Nasdaq delisting notice for missing annual meeting; 45 days to plan
YUNHONG GREEN CTI LTD.
- Nasdaq notified CTI (CTIB) on Jan 12, 2022 of failure to hold annual meeting within 12 months of fiscal year end, violating Listing Rule 5620(a).
- CTI has 45 days (by Feb 28, 2022) to submit a plan to regain compliance; if accepted, extension to June 29, 2022.
- Failure to regain compliance may result in delisting of common stock from Nasdaq.
- Company intends to respond with a plan to address the deficiency.