ATTIS INDUSTRIES INC. (NASDAQ: ATIS) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 9.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On November 26, 2018, Attis Industries Inc. (the “Company”) received a letter (the “Letter”) from the staff of The Nasdaq Capital Market (the “Exchange”) indicating that the Company is not in compliance with the Exchange’s continued listing requirements, under the timely filing criteria, as set forth in Nasdaq Listing Rule 5250(c)(1), as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2018 (the “Form 10-Q”).
The Letter informed the Company that it is required to submit a plan (the “Plan”) to regain compliance with Exchange’s requirements for continued listing within 60 calendar days of the date of the Letter. If the Exchange accepts the Company’s Plan, the Exchange may grant an exception of up to 180 calendar days from the Form 10-Q’s due date, or until May 20, 2019, to regain compliance.
The Company will file its Form10-Qas soon as practicable and anticipates that the 10-Q will be filed prior to the date on which the Company is required to submit the Plan.
The Company issued a press release on November 30, 2018 disclosing the Company’s receipt of the Letter. A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits
|99.1||Press Release dated November 30, 2018.|
Attis Industries Inc. ExhibitEX-99.1 2 f8k112618ex99-1_attis.htm PRESS RELEASE DATED NOVEMBER 30,…To view the full exhibit click