Summary by Futu AI
Minim, Inc., a company incorporated in Delaware and listed on the Nasdaq Capital Market, has been granted a temporary restraining order (TRO) by the Supreme Court of the State of New York, Kings County, on August 20, 2024. The TRO was sought by Minim to prevent Nasdaq from delisting the company's common stock due to a previously reported clerical error where Minim failed to submit a written compliance plan by the deadline, leading Nasdaq to consider it an abandonment of Minim's request for a hearing. The TRO is effective until September 5, 2024, and despite Nasdaq's move to transfer the case to federal court, the TRO remains in effect. This development follows Minim's efforts to maintain its stock listing on Nasdaq and to have its scheduled hearing with the Nasdaq Hearings Panel.