other material
confidence high
sentiment positive
materiality 0.70
TOMI regains Nasdaq minimum bid price compliance; reverse stock split plan suspended
TOMI Environmental Solutions, Inc.
- Nasdaq confirmed TOMI regained compliance with $1.00 minimum bid price rule; matter closed.
- Company had proposed reverse stock split (Proposal 3) to regain compliance; now not implementing.
- Annual Meeting of Stockholders remains scheduled for September 12, 2023.
- Proxy statement previously filed August 21, 2023 included Reverse Stock Split Proposal.