regulatory
confidence high
sentiment negative
materiality 0.50
Aqua Metals receives Nasdaq deficiency notice for audit committee composition after director resignation
Aqua Metals, Inc.
- Director Edward Smith resigned Aug 21, 2024, leaving audit committee below minimum three independent members required by Nasdaq Rule 5605(c)(2).
- Company has cure period until earlier of next annual meeting or Aug 21, 2025; if meeting before Feb 17, 2025, compliance due Feb 17, 2025.
- Company intends to appoint a third independent director to regain compliance in a timely manner.