Minim announces receipt of Nasdaq listing deficiency notice

Minim announced that it received a notice from the Nasdaq Stock Market LLC on November 16, 2023 indicating that the company is not currently in compliance with Nasdaq’s Listing Rules due to the company’s inability to timely file its Form 10-Q for the period ended September 30, 2023 with the SEC. The Notice has no immediate effect on the listing or trading of the company’s securities. Pursuant to Listing Rule 5250(c)(1), the company was required to file the Form 10-Q by November 14, 2023. The company previously reported its inability to file the Form 10-Q by the Due Date in a Form 12b-25 that the company filed with the SEC on November 15, 2023. Nasdaq has informed the company that, under Nasdaq rules, the company has 60 calendar days from receipt of the Notice to submit a plan to regain compliance with the Rule.