Summary by Moomoo AI
On June 26, 2024, Minim, Inc., a Delaware-incorporated company listed on The Nasdaq Capital Market, received a notification from Nasdaq's Listing Qualifications Department stating that the company did not meet the minimum stockholders' equity requirement of $2,500,000 for continued listing. In response, Minim appealed to a Hearings Panel on June 28, 2024, to prevent the delisting of its securities. The appeal has temporarily stayed the suspension of Minim's securities and the filing of the Form 25-NSE until the Panel's decision. Minim plans to regain compliance by exploring options such as direct equity investment or a business combination before the hearing. However, the company acknowledges that there is no guarantee of success in these efforts. The receipt of the notification has not immediately affected the listing of Minim's common stock. Minim, known for its intelligent software that enhances WiFi connections, is based in Manchester, NH.