Nexentis Technologies Inc 8-K, filed Feb 7, 2025
Nexentis Technologies Inc. (NXTS)
About this 8-K
Nexentis Technologies Inc filed this 8-K on February 7, 2025, reporting on events of February 6, 2025.
Items reported
- Item 8.01: Other events
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Item 8.01. Other Events
As previously reported by N2OFF, Inc. (the “Company”), on July 8, 2024, the Company received written notice (the “Notice”) from The Nasdaq Listing Qualification Department (“Nasdaq”), notifying the Company that it was not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Minimum Bid Price Requirement”), because the closing bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days. The Notice stated that the Company had 180 calendar days, or until January 6, 2025, to regain compliance with the Minimum Bid Price Requirement. On January 7, 2025, Nasdaq granted the Company an additional 180 calendar day period or until July 7, 2025, to regain compliance with the Minimum Bid Price Requirement.
On February 6, 2025, Nasdaq notified the Company of its determination that for the 10 consecutive business days, from January 23, 2025 to February 5, 2025, the closing bid price of the Company’s common stock has been at $1.00 per share or greater, and that, accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| N2OFF, Inc. | ||
| Date: February 7, 2025 | By: | /s/ David Palach |
| Name: | David Palach | |
| Title: | Chief Executive Officer | |