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Stock impact report

NuZee, Inc. Announces NASDAQ-Approved Extension to Regain Compliance with Nasdaq Listing Rule 5550(b) [Yahoo! Finance]

NuZee, Inc. (NUZE) 
NASDAQ:AMEX Investor Relations: mynuzee.com/investor-relations
Company Research Source: Yahoo! Finance
it had been granted an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024 On January 23, 2024 , NuZee, Inc. (the "Company") received notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that it is not in compliance with the minimum stockholders' equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capital Market to maintain stockholders' equity of at least (the "Stockholders' Equity Requirement). Pursuant to the Notice, Nasdaq gave the Company 45 calendar days to submit to Nasdaq a plan to regain compliance. The Company timely submitted its plan. On April 9, 2024 , the Company received a letter from Nasdaq under which it stated that based on the Company's plan submission that Nasdaq has determined to grant the Company an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024 (the " Show less Read more
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