Summary by Futu AI
Minim Inc. has reported a series of legal developments in its efforts to prevent the delisting of its common stock from the Nasdaq Stock Market. The company, which is incorporated in Delaware and headquartered in Manchester, NH, initially filed for a temporary restraining order (TRO) on August 20, 2024, which was granted by the Supreme Court of the State of New York, Kings County. This TRO was to prohibit Nasdaq from delisting Minim's stock and was effective until September 5, 2024. Following the grant of the TRO, Nasdaq moved the case to federal court, but on September 4, 2024, the U.S. District Court for the Eastern District of New York sent the case back to the State Court. Subsequently, on September 5, 2024, Minim and Nasdaq entered into a stipulation, approved by the State Court on September 6, 2024, to extend the TRO until September 30, 2024, when oral arguments are scheduled to be heard. The company's CEO, David Lazar, signed off on the current report on September 9, 2024.