On September 9, 2026, the Company received a letter (the "Compliance Determination Letter") from The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has demonstrated compliance with Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") and Nasdaq Listing Rule 5550(b)(1) (the "Equity Rule").
The Company remains subject to a one-year Mandatory Panel Monitor (the "Monitoring Period"). If during the Monitoring Period the Company fails to satisfy the equity rule, the company will not be provided the opportunity to submit a compliance plan; rather, Nasdaq will issue a delist determination, which the company may appeal by requesting a hearing. Such request would stay any further action by Nasdaq at least until the hearing is held and any extension granted by the Panel expires.
The Company intends to continue to monitor its compliance with all applicable Nasdaq continued listing requirements.
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