JanOne Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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Section 3 – Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As of June 4, 2024 (the date of this Current Report on Form 8-K), JanOne Inc. (the “Company” or “we”) received a letter from Nasdaq Regulation that provided, in pertinent part, “[o]n April 16, 2024, Staff notified the Company that it did not comply with the minimum $2.5 million stockholders’ equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations requirements for The Nasdaq Capital Market set forth in Listing Rules 5550(b)(1), or 5550(b)(2), or 5550(b)(3) (the “Rules”), respectively. Based on your Form 10-Q for the period ended March 31, 2024 (filed with the Securities and Exchange Commission on May 3, 2024), evidencing $3,773,000 (in total stockholders’ equity), Staff has determined that the Company complies with the Rules and this matter is now closed.”
Accordingly, we are again in compliance with Nasdaq’s Listing Rule 5550(b)(1).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JANONE INC. | ||
| By: | /s/ Tony Isaac | |
| Name: | Tony Isaac | |
| Title: | Chief Executive Officer | |
Dated: June 4, 2024