Summary by Futu AI
RiskOn International, Inc., a Nevada corporation, has been notified by the Nasdaq Stock Market LLC that it intends to proceed with the formal delisting of the company's common stock from The Nasdaq Capital Market. This decision follows a previous notice from the Nasdaq Hearings Panel, as disclosed in RiskOn International's Form 8-K filed on April 17, 2024, regarding the company's non-compliance with Nasdaq Listing Rules. The delisting will take effect ten days after Nasdaq files Form 25 with the SEC. Despite the delisting, trading of RiskOn International's common stock is expected to continue on the OTC market under the ticker symbol 'ROII'. The company's current report, dated May 30, 2024, includes forward-looking statements that involve risks and uncertainties, and it cautions investors not to place undue reliance on these statements.