08/26/2024 | Press release | Distributed by Public on 08/26/2024 13:45
Item 8.01 Other Events.
As previously stated on Minim Inc.'s (the "Company's") Current Report on Form 8-K, dated July 24, 2024, due to a clerical error, the Company did not make a submission of a written compliance plan submission prior to the deadline set by Nasdaq. Nasdaq determined such to be an abandonment of the Company's request for a hearing. The Company believes that it has never abandoned its request for a hearing and as result, filed for a temporary restraining order ("TRO") in order to allow it to work towards having its scheduled hearing with the Nasdaq Hearings Panel so that the Company's common stock remains listed on Nasdaq
On August 20, 2024, Minim, Inc. the "Company" filed for and was granted the TRO by Supreme Court of the State of New York, Kings County. The application for the TRO was filed by the Company in order to prohibit The Nasdaq Stock Market ("Nasdaq") from filing a Form 25 with the Securities and Exchange Commission, delisting the Company's common stock from Nasdaq. The TRO is effective until September 5, 2024. Thereafter, Nasdaq removed the case to federal court. However, the TRO remains effective.
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.