Brief: Imac Holdings Inc Says On Nov 22, Received Letter From NASDAQ Indicating That The Company Was Not In Compliance With Equity Rule

Imac Holdings

24/11/2023 18:10

Nov 24 (Reuters) - IMAC Holdings Inc  BACK.O :
    * IMAC HOLDINGS INC- ON NOV 22, RECEIVED LETTER FROM NASDAQ
INDICATING THAT THE COMPANY WAS NOT IN COMPLIANCE WITH EQUITY
RULE
    * IMAC HOLDINGS INC- PURSUANT TO LETTER FROM NASDAQ, CO’S
STOCKHOLDERS’ EQUITY OF $1.02 MILLION WAS BELOW REQUIRED MINIMUM
OF $2.5 MILLION
    * IMAC HOLDINGS INC: PURSUANT TO LETTER, CO IS NOT ELIGIBLE
FOR A
180-CALENDAR DAY COMPLIANCE PERIOD
    * IMAC HOLDINGS INC: CO’S COMMON STOCK IS SUBJECT TO
DELISTING AT
OPENING OF BUSINESS ON DEC 1, UNLESS CO SUBMITS AN APPEAL TO
NASDAQ BY NOV 29

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