Material Event (Form 8-K)

Item 8.01. Other Events.

By letter dated April 4,2025 from the Nasdaq Office of General Counsel, the Company was informed that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2).The Nasdaq Stock Market LLC ("Nasdaq") had previously notified the Company that its Common Stock failed to maintain a minimum bid price of $1.00 per share over 30 consecutive trading days as required by the Listing Rules of Nasdaq. In order to address this matter, effective March 17,2025, the Company effected a 1 for 30 reverse split of its issued and outstanding shares of its Common Stock as a result of which the Company's Common Stock commenced trading on a post-split basis.