Summary by Futu AI
On May 21, 2024, Applied UV, Inc. received a notice from The Nasdaq Stock Market LLC indicating the company's non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delay in filing its Quarterly Report for the period ended March 31, 2024. The rule mandates the timely submission of periodic financial reports. Applied UV has been given 60 days to present a plan to regain compliance and may be granted an extension of up to 180 days from the original filing deadline, which is November 18, 2024. The company intends to file the overdue report promptly and outline its compliance strategy to Nasdaq. Despite the notice, Applied UV's common stock will continue to trade on The Nasdaq Capital Market under the ticker 'AUVI'. The report was confirmed by Mike Riccio, the Chief Financial Officer of Applied UV, on May 28, 2024.