JanOne Inc. Faces Delisting Concerns

TL;DR

JanOne Inc. might be getting delisted, check their listing status ASAP.

AI Summary

JanOne Inc. (formerly Appliance Recycling Centers of America Inc /MN) filed an 8-K on March 15, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The report covers events as of March 13, 2024. The company is incorporated in Nevada and its principal executive offices are located in Las Vegas, NV.

Why It Matters

This filing indicates potential issues with JanOne Inc.'s continued listing on an exchange, which could impact its stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock and operations.

Key Players & Entities

• JanOne Inc. (company) — Registrant
• Appliance Recycling Centers of America Inc /MN (company) — Former Company Name
• March 13, 2024 (date) — Date of earliest event reported
• March 15, 2024 (date) — Filing Date
• Nevada (jurisdiction) — State of Incorporation
• 325 E. Warm Springs Road, Suite 102, Las Vegas, NV 89119 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share JAN The NASDAQ Stoc
• $1.00 — s us to maintain a minimum bid price of $1.00 per share. As previously reported, on
• $2.00 — ce of our common stock was in excess of $2.00 per share. Section 9 – Financial Stat

Filing Documents

• jan-20240313.htm (8-K) — 26KB
• a991_janoneregainscomplian.htm (EX-99.1) — 8KB
• 0001628280-24-011329.txt ( ) — 161KB
• jan-20240313.xsd (EX-101.SCH) — 2KB
• jan-20240313_lab.xml (EX-101.LAB) — 22KB
• jan-20240313_pre.xml (EX-101.PRE) — 13KB
• jan-20240313_htm.xml (XML) — 3KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As of March 13, 2024 (the date of this Current Report on Form 8-K), JanOne Inc. ("we" or "us") presently complies with Nasdaq Listing Rule 5550(a)(2) that requires us to maintain a minimum bid price of $1.00 per share. As previously reported, on September 11, 2023, we received a notice (the "Deficiency Notice") from The Nasdaq Stock Market ("Nasdaq"), indicating that our common stock failed to maintain a minimum bid price of $1.00 per share over the previous 30 consecutive business days as required by the Nasdaq Listing Rules. On March 13, 2024, we received a notice (the "Compliance Notice") from Nasdaq advising that Nasdaq has determined that, for the 10-consecutive-business-day period between February 28 to March 12, 2024, the closing bid price of our common stock has been at $1.00 per share or greater. Accordingly, we have regained compliance with Listing Rule 5550(a)(2). For such period, the daily average closing bid price of our common stock was in excess of $2.00 per share. Section 9 – Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated March 15, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JanOne Inc. By: /s/ Tony Isaac Name: Tony Isaac Title: President and Chief Executive Officer Dated: March 15, 2024

View Full Filing

View this 8-K filing on SEC EDGAR