My Market Wizard

Filing Category: Delisting/Non-Compliance

  • DIH HOLDING US, INC. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • DIH Holding US, Inc. received a notification from Nasdaq because its stock price was below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1).
    • The company has been granted a 180-day compliance period, until September 8, 2025, to regain compliance with the Bid Price Rule.
    • To regain compliance, the company’s stock price must be at least $1.00 for a minimum of ten consecutive business days during the compliance period.
    • Failure to regain compliance may result in delisting from The Nasdaq Global Market, although the company may appeal such a determination.

    Potential Implications

    Stock Price

    • The notification of non-compliance could negatively impact the company’s stock price in the short term.
    • Successful regaining of compliance could positively influence the stock price.
    • Failure to regain compliance and potential delisting could significantly decrease the stock price.

  • Presidio Property Trust, Inc. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • Presidio Property Trust, Inc. defaulted on an $11.1 million loan secured by the Dakota Center in Fargo, North Dakota.
    • The default was triggered by the loan’s maturity date.
    • The company is working with the lender to sell the property and settle the non-recourse debt.
    • As a result of the default, the company is required to pay a default interest rate that is 5% above the original interest rate and the lender’s expenses.

    Potential Implications

    Company Performance

    • Increased expenses due to default interest and lender fees.
    • Potential impact on financial results due to the need to sell the Dakota Center property.
    • Possible strain on relationships with lenders.

    Stock Price

    • Potential negative impact on stock price due to the loan default and associated financial strain.
    • Uncertainty surrounding the sale of the Dakota Center property could create volatility.

  • OneMedNet Corp 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • OneMedNet Corporation received a notice from Nasdaq regarding non-compliance with listing rules, specifically the minimum Market Value of Listed Securities (MVLS) of $35 million, minimum stockholders’ equity of $2.5 million, and minimum net income of $500,000 from continuing operations.
    • The company has a compliance period until September 8, 2025, to regain compliance with the MVLS requirement by maintaining an MVLS at or above $35 million for at least ten consecutive business days.
    • If compliance is not achieved within the given period, Nasdaq may issue a delisting notice, which the company can appeal.
    • OneMedNet intends to monitor its MVLS and evaluate options to resolve the deficiency and regain compliance, but there is no guarantee of success.

    Opportunities and Risks

    • Opportunity: The company has the opportunity to regain compliance with Nasdaq listing requirements by increasing its Market Value of Listed Securities (MVLS) to $35 million or higher for a minimum of ten consecutive business days before September 8, 2025.
    • Risk: There is no assurance that the company will be able to regain or maintain compliance with Nasdaq listing standards, potentially leading to delisting of its securities.

    Potential Implications

    Stock Price

    • Potential negative impact on the stock price due to the notification of non-compliance with Nasdaq listing requirements.
    • Potential for stock price volatility as the company attempts to regain compliance.
    • Risk of further stock price decline if the company fails to regain compliance and faces delisting.

  • Greenwave Technology Solutions, Inc. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • Greenwave Technology Solutions received notice from Nasdaq regarding non-compliance with the minimum bid price requirement (Listing Rule 5550(a)(2)).
    • The company has been granted an additional 180-day period, until September 8, 2025, to regain compliance.
    • Nasdaq’s decision was based on the company meeting other listing requirements, excluding the minimum bid price.
    • The company intends to address the deficiency, potentially through a reverse stock split.
    • Failure to demonstrate compliance by September 8, 2025, may result in delisting, which the company may appeal.
    • The company is monitoring the stock price and considering options to regain compliance.

    Opportunities and Risks

    • Opportunity: Potential to regain compliance with Nasdaq listing requirements through strategic actions like a reverse stock split.
    • Risk: Failure to regain compliance by the deadline could lead to delisting from the Nasdaq Capital Market.
    • Risk: There is no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with other listing requirements of the Nasdaq Capital Market.

    Potential Implications

    Stock Price

    • Potential for stock price volatility as the company attempts to regain compliance.
    • A successful reverse stock split could increase the stock price, but may also negatively impact investor sentiment.
    • Delisting could significantly decrease the stock price.