T Stamp Inc.
01/23/2025 | Press release | Distributed by Public on 01/23/2025 15:47
Material Event (Form 8-K)
Item 8.01 Other Events.
Regain of Compliance with Nasdaq Listing Rule 5550(a)(2)
As previously disclosed in the Current Reports on Form 8-K filed by T Stamp Inc. (the "Company") on May 8, 2024 and November 5, 2024, the Company received a deficiency letter on May 3, 2024 from the staff of the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires companies listed on the Nasdaq Capital Market to maintain a minimum bid price of $1.00 per share or greater (the "Minimum Bid Price Requirement").
On January 23, 2025, the Company received notification from Nasdaq that the Company had regained compliance with the Minimum Bid Price Requirement, as the Company maintained a bid price of $1.00 or greater for the 11 consecutive business days, from January 6, 2025 to January 22, 2025. Accordingly, the Company regained compliance with Nasdaq's Listing Rule 5550(a)(2) and the matter is now closed.