Summary by Moomoo AI
Minim, Inc., listed on the Nasdaq Stock Market, is set to be removed from listing effective November 4, 2024. The decision came after Nasdaq Staff concluded that Minim no longer met the listing requirements under Listing Rule 5550(b)(1). Minim was initially notified of this determination on June 26, 2024, and was given the opportunity to appeal to the Listing Qualifications Hearings Panel. However, Minim failed to provide the required Written Submission by the deadline of July 12, 2024, leading to the suspension of its securities on July 24, 2024. A temporary restraining order was issued by the New York Supreme Court on August 20, 2024, which temporarily halted the delisting process. The court later denied Minim's request for a preliminary injunction on October 18, 2024, and Minim discontinued its legal challenge. With all review and appeal procedures exhausted, Nasdaq is proceeding with the delisting by filing Form 25 as per Nasdaq Rule 5830.
