regulatory
confidence high
sentiment neutral
materiality 0.70
Minim receives Nasdaq extension to June 23, 2024, plans merger with e2Companies to cure equity deficiency
FiEE, Inc.
- Nasdaq notified Minim on Jan 11, 2024 of non-compliance with minimum $2.5M stockholders' equity requirement.
- Minim submitted a compliance plan on March 13, 2024 that includes a merger with privately held e2Companies.
- Nasdaq granted an extension to June 23, 2024 for Minim to complete the compliance plan.
- Post-merger stockholders' equity is expected to exceed $500 million.