share_log

Minim | 8-K: Current report

SEC ·  Nov 6, 2024 22:17

Summary by Futu AI

On November 1, 2024, the SEC granted Minim an administrative stay on its Nasdaq delisting, pending further review. This follows Nasdaq's October 23 announcement to delist Minim's common stock and subsequent Form 25 filing, which would have made the delisting effective on November 4, 2024.The company had previously sought legal intervention, obtaining a temporary restraining order from the New York State Court on August 20, 2024, to prevent the delisting. After multiple extensions, the Court denied Minim's request for a preliminary injunction on October 18, leading the company to discontinue its case against Nasdaq on October 22.Minim filed an SEC Application for Review on October 25, challenging Nasdaq's delisting decision and denial of hearing rights. The company disputes Nasdaq's Form 25 certifications, arguing it was not allowed proper review and appeal procedures under Nasdaq Rules. The SEC's administrative stay does not constitute a ruling on the merits of Minim's motion for a preliminary stay.
On November 1, 2024, the SEC granted Minim an administrative stay on its Nasdaq delisting, pending further review. This follows Nasdaq's October 23 announcement to delist Minim's common stock and subsequent Form 25 filing, which would have made the delisting effective on November 4, 2024.The company had previously sought legal intervention, obtaining a temporary restraining order from the New York State Court on August 20, 2024, to prevent the delisting. After multiple extensions, the Court denied Minim's request for a preliminary injunction on October 18, leading the company to discontinue its case against Nasdaq on October 22.Minim filed an SEC Application for Review on October 25, challenging Nasdaq's delisting decision and denial of hearing rights. The company disputes Nasdaq's Form 25 certifications, arguing it was not allowed proper review and appeal procedures under Nasdaq Rules. The SEC's administrative stay does not constitute a ruling on the merits of Minim's motion for a preliminary stay.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Comment Comment · Views 283

Recommended