On March 13, 2024, Kaival Brands Innovations Group, Inc. received a letter from the Listing Qualifications Department notifying the Company that, as a result of the resignation of Mr. John Brooks and Mr. George Chuang as directors of the company no longer complies with Nasdaq?s audit committee requirement under Listing Rule 5605 and that, as such, Mr. David Worner is now the sole independent director remaining on the Company?s audit committee) and the Company is not eligible for the cure period under the Rules. The Staff stated in the letter that, under the Rules, the Company has 45 calendar days to submit a plan to regain compliance. If the Staff accepts the Company?s plan, the Staff can grant an extension of up to 180 calendar days from March 13, 2024 to evidence compliance.
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|
5-day change | 1st Jan Change | ||
3.72 USD | -0.27% | -21.52% | -11.87% |
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-11.87% | 10.65M | |
+26.44% | 1.1B | |
-4.65% | 146M | |
-17.44% | 101M |
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