Subsequent Event

6 Months Ended

Apr. 01, 2023

Subsequent Event

Subsequent Event

Note 15. Subsequent Event

On May 18, 2023, the Company received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file this Quarterly Report on Form 10-Q for the fiscal quarter ended April 1, 2023 (the “Form 10-Q”) with the SEC by the required due date of May 16, 2023. The Notice stated that, under the Nasdaq Listing Rules, the Company has 60 calendar days, or until July 17, 2023, to submit a plan to regain compliance with Nasdaq’s continued listing requirements.

On May 19, 2023 the Company filed Amendment No. 1 to the Company’s Annual Report on Form 10-K for the fiscal year ended October 1, 2022, Amendment No. 1 to the Company’s Form 10-Q for the quarter ended December 31, 2022 and this Form 10-Q with the SEC. As a result of these filings, the Company believes it has regained compliance with Nasdaq Listing Rule 5250(c)(1) and that no further action will be taken with respect to the Notice.