09/09/2024 | Press release | Distributed by Public on 09/09/2024 12:23
Item 8.01. Other Events.
As previously stated on Minim Inc.'s (the "Company's") Current Report on Form 8-K, dated August 26, 2024, the Company filed for, and on August 20, 2024, was granted a temporary restraining order ("TRO") by the Supreme Court of the State of New York, Kings County (the "State Court"). The application for the TRO was filed by the Company in order to prohibit The Nasdaq Stock Market ("Nasdaq") from delisting the Company's common stock from Nasdaq. The TRO was effective until September 5, 2024. On August 20, 2024, following the State Court's grant of the TRO, Nasdaq removed the case to federal court.
On September 4, 2024, the U.S. District Court for the Eastern District of New York remanded the case to the State Court. On September 5, 2024, the parties entered into a stipulation which was ordered by the State Court on September 6, 2024, to extend the TRO until September 30, 2024, at which point oral arguments will be heard by the State Court.
This Current Report on Form 8-K (the "8-K") and other document incorporated by reference into this 8-K contain or may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "anticipates," "assumes," "believes," "can," "could," "estimates," "expects," "forecasts," "guides," "intends," "is confident that," "may," "plans," "seeks," "projects," "targets," and "would" or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking statements include, but are not limited to, statements about the benefits of the Plan and our expectations related to it that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of the Company and are subject to risks and uncertainties that could cause the actual outcome to differ materially.