Summary by Moomoo AI
Staffing 360 Solutions received a letter from the Nasdaq Hearings Panel on October 8, 2024, granting the company's request to continue its listing on Nasdaq. This decision comes after the company's appeal of a previous determination by Nasdaq staff to deny continued listing due to non-compliance with the minimum stockholders' equity requirement of $2,500,000.The continued listing is subject to certain milestones that must be met on November 1, 2024, and December 31, 2024. The company had initially received a non-compliance notice on June 20, 2024, and submitted a plan to regain compliance on June 14 and August 5, 2024. However, the staff initially found the plan insufficient, leading to the appeal and hearing on October 3, 2024.Staffing 360 Solutions cautions that there is no assurance it will maintain its Nasdaq listing or regain and maintain compliance with the continued listing standards. The company is required to meet specific milestones to retain its listing status.
