Srax says Nasdaq panel grants company request for continued listing

In a regulatory filing last night, Srax disclosed that on December 16, the company received a determination from the Nasdaq Hearings Panel granting the company’s request for the continued listing of its Class A common stock on The Nasdaq Stock Market, subject to the company evidencing compliance with Nasdaq’s filing requirement, as set forth in Nasdaq Listing Rule 5250(c)(1), on or before February 28, 2023, and certain other conditions. "The company is working to file its delinquent periodic reports with the Securities and Exchange Commission as soon as practicable and thereby timely evidence compliance with the terms of the Panel’s decision. There can be no assurances however that the company will be able to do so," the filing stated.