other material
confidence high
sentiment positive
materiality 0.80
SEC grants administrative stay of Minim's Nasdaq delisting pending review
FiEE, Inc.
- SEC granted administrative stay on Nov 1, 2024, halting delisting of MINM common stock effective Nov 4.
- Stay issued pending SEC's consideration of Minim's motion for a preliminary stay; not a merits ruling.
- Minim had previously lost preliminary injunction in NY state court and discontinued its case against Nasdaq.
- Nasdaq filed Form 25 on Oct 24 to delist; Minim filed appeal and emergency stay request with SEC on Oct 25.
- Company continues to dispute Nasdaq's certifications that all review procedures expired.