RiskOn International Confirms It Has Appealed Nasdaq’s Delisting Letter
RiskOn International, Inc. (Nasdaq: ROI) (“RiskOn,” or the “Company”), today announced that it filed an appeal to the Delisting Letter (“Letter”) received on December 1, 2023 from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”).
- RiskOn International, Inc. (Nasdaq: ROI) (“RiskOn,” or the “Company”), today announced that it filed an appeal to the Delisting Letter (“Letter”) received on December 1, 2023 from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”).
- The Company submitted a plan of compliance to Nasdaq to regain compliance with the Equity Rule the (“Compliance Plan”), which the Company subsequently revised, detailing the actions the Company would take to regain compliance with the Equity Rule.
- On December 8, 2023, the Company requested a hearing (the “Hearing”) before the Nasdaq Listing Qualifications Panel (“Panel”) to appeal the determination by the Staff.
- At the Hearing, the Company must demonstrate its ability to regain compliance with the Equity Rule, as well as its ability to sustain long-term compliance with all applicable maintenance criteria.