Nasdaq notifies Mill City Ventures of independence rule breach after director Zipkin's death

SUI Group Holdings Ltd.

Independent director Laurence S. Zipkin passed away on July 9, 2025.
Company no longer meets Nasdaq Rule 5605(b)(1) (majority independent board) and Rule 5605(c)(2) (three independent audit committee members).
Cure deadline is the earlier of next annual meeting or January 5, 2026 (if meeting before then) or July 9, 2026.
Board plans to appoint a new independent director to fill the vacancy and restore compliance.

item 3.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.