Dynatronics Corp. Faces Delisting Concerns
Ticker: DYNTQ · Form: 8-K · Filed: Apr 29, 2024 · CIK: 720875
| Field | Detail |
|---|---|
| Company | Dynatronics Corp (DYNTQ) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $49,500 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rule-violation, regulatory-filing
Related Tickers: DYNT
TL;DR
DYNT might get kicked off the exchange - big trouble brewing.
AI Summary
Dynatronics Corp. filed an 8-K on April 29, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company's principal executive offices are located at 1200 Trapp Rd., Eagan, Minnesota. The filing date for this report is April 29, 2024, with the earliest event reported on April 23, 2024.
Why It Matters
This filing indicates potential issues with Dynatronics Corp.'s compliance with stock exchange listing standards, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to its operations and investors.
Key Players & Entities
- DYNATRONICS CORP (company) — Registrant
- 0000720875 (company) — Central Index Key
- 000-12697 (company) — SEC File Number
- 87-0398434 (company) — IRS Employer Identification No.
- 1200 Trapp Rd. Eagan, Minnesota (location) — Principal executive offices
- April 23, 2024 (date) — Earliest event reported
- April 29, 2024 (date) — Filing date
FAQ
What specific listing rule or standard has Dynatronics Corp. failed to satisfy?
The filing does not specify the exact rule or standard that Dynatronics Corp. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 23, 2024.
Where are Dynatronics Corp.'s principal executive offices located?
Dynatronics Corp.'s principal executive offices are located at 1200 Trapp Rd., Eagan, Minnesota, 55121.
What is the SEC File Number for Dynatronics Corp.?
The SEC File Number for Dynatronics Corp. is 000-12697.
What is the SIC code for Dynatronics Corp.?
The Standard Industrial Classification (SIC) code for Dynatronics Corp. is 3841, which corresponds to SURGICAL & MEDICAL INSTRUMENTS & APPARATUS.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-04-29 17:00:31
Key Financial Figures
- $49,500 — The Company's past due fee balance was $49,500 as of the date of the Fee Notice. The F
Filing Documents
- form8k.htm (8-K) — 14KB
- 0001062993-24-008989.txt ( ) — 226KB
- dynt-20240423.xsd (EX-101.SCH) — 5KB
- dynt-20240423_cal.xml (EX-101.CAL) — 1KB
- dynt-20240423_def.xml (EX-101.DEF) — 22KB
- dynt-20240423_lab.xml (EX-101.LAB) — 46KB
- dynt-20240423_pre.xml (EX-101.PRE) — 25KB
- form8k_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 On April 23, 2024, Dynatronics Corporation (the "Company") received written notice ("Fee Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it had not paid certain fees required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5250(f). The Company's past due fee balance was $49,500 as of the date of the Fee Notice. The Fee Notice provided that if the Company elects not to appeal by April 30, 2024, then this lack of payment would lead to the suspension of the trading of the Company's common stock at the opening of business on May 2, 2024 and Nasdaq would file a Form 25-NSE with the Securities and Exchange Commission to remove the Company's securities from listing and registration on The Nasdaq Stock Market. The Company did not intend to appeal and paid the past due fees required by Nasdaq Listing Rule 5250(f) on April 24, 2024. On April 29, 2024, the Company received another notice from Nasdaq confirming the receipt of the balance due and withdrawing the Fee Notice. 2 SIGNATURE 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. Date: April 29, 2024 DYNATRONICS CORPORATION By: /s/ Brian D. Baker Name: Brian D. Baker Title: President and Chief Executive Officer 3