UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item 3.01 | NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING |
On August 17, 2023, Minim, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because the Company has not filed its Form 10-Q for the period ended June 30, 2023 with the Securities and Exchange Commission (the “Commission”), the Company is not in compliance with Nasdaq’s rules for continued listing under Nasdaq Listing Rule 5250. Rule 5250 requires, in part, that listed companies timely file all required periodic financial reports with the Commission. The non-compliance resulted from the Company’s inability to timely appoint an audit committee to review the financial statements required to be included in its Form 10-Q for the period ended June 30, 2023 and the Company’s Form 10-Q for the period ended March 31, 2023.
Nasdaq requires the Company to submit an amended plan to regain compliance with Rule 5250 by September 1, 2023. Previously, Nasdaq had granted the Company an exception for the Company to regain compliance with Rule 5250 until November 12, 2023 so as to allow the Company to file its delinquent Form 10-Q for the period ended March 31, 2023. As a result, the Company has until November 12, 2023 to evidence compliance with Rule 5250 for both the Company’s Form 10-Q for the period ended March 31, 2023 and June 30, 2023.
Receipt of the letter described above from Nasdaq has no immediate effect on the listing of the Company’s common stock.
SIGNATURE
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.
| Dated: August 23, 2023 | MINIM, INC. | |
| By: | /s/ Jeremy Hitchcock | |
| Name: | Jeremy Hitchcock | |
| Title: | Executive Chairman of the Company | |