MANCHESTER,
NH – 
(NewMediaWire) – November 20, 2023 – Minim, Inc. (Nasdaq: MINM) announced today that it received a
notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on November 16,
2023 indicating that the Company is not currently in compliance with Nasdaq’s
Listing Rules (the “Listing Rules”) due to the Company’s inability to timely
file its Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”)
with the Securities and Exchange Commission (“SEC”). The Notice has no
immediate effect on the listing or trading of the Company’s securities.
Pursuant to Listing Rule 5250(c)(1), the Company was required to file the Form
10-Q by November 14, 2023 (the “Due Date”). The Company previously reported its
inability to file the Form 10-Q by the Due Date in a Form 12b-25 that the
Company filed with the SEC on November 15, 2023.
Nasdaq has informed the Company that,
under Nasdaq rules, the Company has 60 calendar days from receipt of the Notice
to submit a plan to regain compliance with the Rule. If Nasdaq accepts the
Company’s plan, then Nasdaq may grant an exception of up to 180 calendar days
from the due date of the Form 10-Q, or May 13, 2024, to regain compliance.
However, there can be no assurance that Nasdaq will accept the Company’s plan
to regain compliance or that the Company will be able to regain compliance
within any extension period granted by Nasdaq or maintain compliance with the
other continued listing requirements set forth in the Nasdaq Listing Rules. If
Nasdaq does not accept the Company’s plan, then the Company will have the
opportunity to appeal that decision to a Nasdaq hearings panel.
The Company is working diligently to
complete the Form 10-Q and anticipates filing the Form 10-Q as soon as it is
able.
About
Minim
Minim,
Inc. (NASDAQ: MINM) was born in 1977 as a networking company and now delivers
intelligent software to protect and improve the WiFi connections we depend on
to work, learn, and live. Minim’s cloud platform powers intuitive apps and a
variety of routers, helping customers take control of their connected
experience and privacy. Minim is headquartered in Manchester, N.H.
Contact:
Jason Angel
910-988-6740
jason@minim.com
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