Summary by Futu AI
On May 21, 2024, Assure Holdings Corp., a Nevada-incorporated company listed on the NASDAQ Capital Market under the trading symbol IONM, reported a notice of non-compliance from Nasdaq due to the delayed filing of its quarterly report for the period ending March 31, 2024. The Nasdaq Hearings Panel will review this as an additional deficiency in their decision regarding Assure's continued listing. The company has until May 28, 2024, to present its plan to regain compliance. The notice does not immediately affect the trading of Assure's common stock. However, potential delisting could significantly impact the stock's marketability and the company's ability to raise capital. Assure is also in the midst of a proposed transaction with Danam Health Inc., having filed a registration statement on May 3, 2024, which includes a prospectus and a proxy statement. The company is actively working to complete and file the overdue 10-Q report.