Summary by Moomoo AI
JanOne Inc. has successfully regained compliance with Nasdaq's listing requirements as confirmed by Nasdaq Regulation on June 4, 2024. The company had previously received a non-compliance notice on April 16, 2024, regarding the minimum requirements for continued listing on The Nasdaq Capital Market.According to the company's Form 10-Q for the period ended March 31, 2024, JanOne reported total stockholders' equity of $3.773 million, exceeding the minimum requirement of $2.5 million set forth in Listing Rule 5550(b)(1). This achievement resolves the previous listing compliance issue, and Nasdaq has officially closed the matter.
