Minim, Inc. Faces Delisting Concerns
Ticker: FIEE · Form: 8-K · Filed: Jul 2, 2024 · CIK: 1467761
Sentiment: bearish
Topics: delisting, compliance, listing-standards
TL;DR
Minim's stock might get delisted - big trouble ahead.
AI Summary
Minim, Inc. filed an 8-K on July 2, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The company, formerly known as Zoom Telephonics, Inc., is incorporated in Delaware and headquartered in Manchester, NH.
Why It Matters
This filing indicates potential issues with Minim, 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 directly threatens the company's ability to remain publicly traded, posing a significant risk to its operations and investors.
Key Players & Entities
- MINIM, INC. (company) — Registrant
- Zoom Telephonics, Inc. (company) — Former company name
- June 26, 2024 (date) — Earliest event reported
- July 2, 2024 (date) — Date of report
- 848 Elm Street, Manchester, NH 03101 (address) — Principal executive offices
FAQ
What specific listing rule or standard has Minim, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Minim, Inc. has failed to satisfy, only that a notice has been received.
What is the potential consequence of failing to meet listing standards?
The consequence is a potential delisting of the company's securities from the stock exchange.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 26, 2024.
What is Minim, Inc.'s former company name?
Minim, Inc.'s former company name was Zoom Telephonics, Inc.
Where are Minim, Inc.'s principal executive offices located?
Minim, Inc.'s principal executive offices are located at 848 Elm Street, Manchester, NH 03101.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-07-02 17:24:02
Key Financial Figures
- $0.01 — on which registered Preferred Stock, $0.01 par value MINM The Nasdaq Capital M
- $2,500,000 — holders' equity requirement of at least $2,500,000 for continued inclusion on The Nasdaq C
Filing Documents
- miniminc_8k.htm (8-K) — 38KB
- miniminc_ex99-1.htm (EX-99.1) — 5KB
- 0001829126-24-004567.txt ( ) — 212KB
- minm-20240626.xsd (EX-101.SCH) — 3KB
- minm-20240626_lab.xml (EX-101.LAB) — 33KB
- minm-20240626_pre.xml (EX-101.PRE) — 22KB
- miniminc_8k_htm.xml (XML) — 3KB
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. MINIM, INC. Date: July 2, 2024 By: /s/ David Lazar David Lazar Chief Executive Officer 2