Minim receives delisting notice, trading suspended; CEO sells controlling stake to Yihucha for $5.6M

FiEE, Inc.

Nasdaq suspended MINM trading on July 24; stock now trades on OTC Pink after missing equity requirement deadline.
CEO David Lazar sold 627,187 common shares, 2M Series A Preferred, and warrants to Yihucha for $5.6M; Yihucha to own 64% on fully diluted basis.
Company filed appeal with Nasdaq Listing and Hearing Review Council; submitted plan to regain $2.5M minimum stockholders' equity.
Sale of securities by CEO is part of plan to restore compliance; closing expected by August 1.

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