regulatory
confidence high
sentiment negative
materiality 0.75
Minim receives Nasdaq non-compliance notice for equity <$2.5M; appeals to Hearings Panel
FiEE, Inc.
- Received Nasdaq letter on June 26, 2024, for failing minimum $2.5M stockholders' equity requirement under Listing Rule 5550(b)(1).
- Appealed on June 28, 2024 to a Hearings Panel; appeal stays suspension of trading and Form 25-NSE filing pending decision.
- Plans to regain compliance via direct equity investment or business combination before hearing; no assurance of success.