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 Rule or Standard; Transfer of Listing
On April 25, 2022, Renovare Environmental, Inc. (the “Company”) received notice (the “Notice”) from The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1) based on information provided in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which reported that the Company’s stockholders’ equity was below the $2.5 million minimum required for continued listing on the Nasdaq Capital Market (the “Stockholder's Equity Requirement”). This failure is a basis for delisting the Company’s securities from The Nasdaq Stock Market. This issue will be heard at the Company’s May 19, 2022 hearing before Nasdaq at which time the Company must submit a plan to regain compliance with this requirement. If the Company does not regain compliance within the time provided by the Staff, the Company’s securities will be delisted from Nasdaq.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 29, 2022 | RENOVARE ENVIRNMENTAL, INC. | ||
| By: | /s/ Brian C. Essman | ||
| Name: | Brian C. Essman | ||
| Title: | Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) | ||