JanOne Inc. Faces Delisting Notice
Ticker: ALTS · Form: 8-K · Filed: Jun 4, 2024 · CIK: 862861
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
TL;DR
JanOne Inc. got a notice about potentially being delisted from the stock exchange.
AI Summary
JanOne Inc. (formerly Appliance Recycling Centers of America Inc /MN) filed an 8-K on June 4, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The company is incorporated in Nevada and its principal executive offices are located in Las Vegas.
Why It Matters
This filing indicates potential issues with JanOne Inc.'s compliance with stock exchange listing requirements, which could impact its stock trading 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 trading and overall financial stability.
Key Players & Entities
- JanOne Inc. (company) — Registrant
- Appliance Recycling Centers of America Inc /MN (company) — Former company name
- June 4, 2024 (date) — Date of report
- Nevada (jurisdiction) — State of incorporation
- Las Vegas (location) — Principal executive offices city
FAQ
What is the primary reason for JanOne Inc.'s 8-K filing?
JanOne Inc. filed an 8-K to report a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing.
When was this 8-K filing made?
The 8-K filing was made on June 4, 2024.
What was JanOne Inc.'s former name?
JanOne Inc.'s former name was Appliance Recycling Centers of America Inc /MN.
In which state is JanOne Inc. incorporated?
JanOne Inc. is incorporated in Nevada.
Where are JanOne Inc.'s principal executive offices located?
JanOne Inc.'s principal executive offices are located at 325 E. Warm Springs Road, Suite 102, Las Vegas, Nevada 89119.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-06-04 17:12:32
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share JAN The NASDAQ
- $2.5 million — that it did not comply with the minimum $2.5 million stockholders' equity, or $35 million ma
- $35 million — m $2.5 million stockholders' equity, or $35 million market value of listed securities, or $
- $500,000 — n market value of listed securities, or $500,000 of net income from continuing operation
- $3,773,000 — Commission on May 3, 2024), evidencing $3,773,000 (in total stockholders' equity), Staff
Filing Documents
- form8-k.htm (8-K) — 38KB
- 0001493152-24-022580.txt ( ) — 207KB
- jan-20240604.xsd (EX-101.SCH) — 3KB
- jan-20240604_lab.xml (EX-101.LAB) — 33KB
- jan-20240604_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has 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: Chief Executive Officer Dated: June 4, 2024