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“On November 7, 2024, Nasdaq sent us a letter (the “Decision Letter”) granting an exception for us to cure the Bid Price Deficiency and continue our listing on Nasdaq on the conditions that: (1) on or before December 26, 2024, we complete a reverse split at a ratio sufficient to maintain long-term compliance with the Bid Price Rule; and (2) on or before January 9, 2025, we demonstrate compliance with the Bid Price Rule. From now until January 9, 2025, we are required to provide Nasdaq prompt notification of any significant events that occur in this period which may affect our compliance with Nasdaq requirements. Such significant events include, but are not limited to, any events which may call into question the Company’s ability to meet the terms of the exception granted.”
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