Summary by Moomoo AI
Minim Inc. has been involved in a legal dispute with The Nasdaq Stock Market regarding the delisting of its common stock. The company was granted a temporary restraining order (TRO) by the Supreme Court of the State of New York on August 20, 2024, to prevent Nasdaq from delisting its stock. Despite the TRO, which was extended until September 30, 2024, the court ultimately denied Minim's request for a preliminary injunction on October 18, 2024. Minim discontinued its case against Nasdaq on October 22, 2024, and Nasdaq announced the delisting of Minim's stock on October 23, 2024, with the delisting to take effect on November 4, 2024. Minim disputes Nasdaq's claims regarding the delisting process and filed an appeal with the SEC on October 25, 2024, along with a motion for an emergency stay of the delisting. The company's management has made forward-looking statements about the situation, which are subject to risks and uncertainties.
