08/26/2024 | Press release | Distributed by Public on 08/26/2024 15:29
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 20, 2024, Laser Photonics" or the "Company") received a notice from Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company no longer complies with Nasdaq's Listing Rules for continued listing since it failed to file its Form 10-Q for the period ended June 30, 2024(the "Filing") by that date. Nasdaq stated in its letter that the Company had 60 calendar days to submit a plan to regain compliance and, if Nasdaq accepted the Company's plan, it could grant an exception of up to 180 calendar days from the Filing's due date, or until February 17, 2025, to regain compliance. The Company expects to make its Filing as of August 27, 2024, to regain its compliance with Nasdaq's Listing Rules.