regulatory
confidence high
sentiment negative
materiality 0.85
IMAC Holdings, Inc. (BACK): Nasdaq/NYSE listing notice — IMAC Holdings receives Nasdaq delisting notice; intends to appeal by Jan 28
IMAC Holdings, Inc.
- On Jan 21, 2025, Nasdaq notified IMAC it fails minimum stockholders' equity requirement ($2.5M) under Listing Rule 5550(b)(1).
- Company is under Panel Monitor, ineligible for 180-day extension; securities set for suspension on Jan 30, 2025 unless appeal.
- IMAC intends to appeal the Staff's determination to a Hearings Panel by Jan 28, 2025; stock will trade during appeal.
- On Jan 21, 2025, Nasdaq confirmed IMAC regained compliance with periodic reporting rule after filing delayed Form 10-Q on Jan 17, 2025.