The company received a notification from Nasdaq on May 27, 2026, stating it failed to maintain the minimum $1.00 bid price requirement for 30 consecutive business days. Due to previous reverse stock splits, the company is ineligible for a standard compliance grace period. Trading suspension is scheduled for June 5, 2026, unless a hearing is requested. The company intends to request a hearing before the Nasdaq Hearings Panel by the June 3, 2026 deadline to stay the suspension.