American LLC ("NYSE American") that the Company was not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and (iii) of the NYSE American Company Guide (the "Company Guide"). The Company submitted a compliance plan to NYSE American on June 18, 2026.

 

On August 12, 2026, the Company received a letter from NYSE Regulation stating that it had reviewed and accepted the Company’s compliance plan submitted on June 18, 2026 and granted the Company a plan period through November 27, 2027 (the "Plan Period") to regain compliance with the applicable continued listing standards.

 

During the plan period, while the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and (iii) of the Company Guide, the Company’s common stock will continue to be listed and traded on NYSE American pursuant to an extension, subject to the Company’s compliance with the other continued listing requirements of NYSE American and periodic review by NYSE Regulation of the Company’s compliance with the initiatives outlined in the compliance plan. If the Company does not regain compliance with the applicable continued listing standards by the end of the Plan Period or does not make progress consistent with the compliance plan during the Plan Period, NYSE Regulation may initiate delisting proceedings.

 

Item 7.01. Regulation FD Disclosure.

 

On August 14, 2026, the Company issued a press release announcing NYSE Regulation’s acceptance of the Company’s compliance plan. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.