TOMI Environmental Solutions Faces Delisting Notice
Ticker: TOMZ · Form: 8-K · Filed: Feb 22, 2024 · CIK: 314227
Sentiment: bearish
Topics: delisting, compliance-issue, regulatory-filing
Related Tickers: TOMZ
TL;DR
**TOMZ got a delisting notice on Feb 15, 2024, which could move its stock to a different exchange.**
AI Summary
TOMI Environmental Solutions, Inc. (TOMZ) filed an 8-K on February 22, 2024, reporting that on February 15, 2024, it received a notice of delisting or failure to satisfy a continued listing rule or standard. This indicates a potential transfer of its listing, which could impact its stock's trading venue. The company's business address is 8430 Spires Way, Frederick, MD 21701.
Why It Matters
A delisting notice can significantly impact a company's stock liquidity and investor confidence, potentially making it harder for investors to trade shares.
Risk Assessment
Risk Level: high — A delisting notice indicates a significant compliance issue that can negatively impact stock liquidity and investor perception.
Key Players & Entities
- TOMI Environmental Solutions, Inc. (company) — registrant
- February 15, 2024 (date) — date of earliest event reported
- February 22, 2024 (date) — filing date
- 8430 Spires Way, Frederick, MD 21701 (company) — business address
FAQ
What is the primary event reported in this 8-K filing?
The primary event reported is TOMI Environmental Solutions, Inc. receiving a notice of delisting or failure to satisfy a continued listing rule or standard on February 15, 2024.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on February 15, 2024.
What is the full name of the registrant?
The full name of the registrant is TOMI ENVIRONMENTAL SOLUTIONS, INC.
What is the registrant's state of incorporation?
The registrant's state of incorporation is Florida.
What is the registrant's business address?
The registrant's business address is 8430 Spires Way, Frederick, MD 21701.
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-02-22 16:30:42
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 TOMZ Nasdaq Capital Market Indica
- $1.00 — e "Common Stock") was below the minimum $1.00 per share requirement for continued inc
Filing Documents
- tomz_8k.htm (8-K) — 26KB
- 0001654954-24-002073.txt ( ) — 143KB
- tomz-20240215.xsd (EX-101.SCH) — 6KB
- tomz-20240215_lab.xml (EX-101.LAB) — 14KB
- tomz-20240215_cal.xml (EX-101.CAL) — 1KB
- tomz-20240215_pre.xml (EX-101.PRE) — 9KB
- tomz-20240215_def.xml (EX-101.DEF) — 2KB
- tomz_8k_htm.xml (XML) — 4KB
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 February 15, 2024, TOMI Environmental Solutions, Inc. (the "Company") received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company's common stock, par value $0.01 per share (the "Common Stock") was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"). The notification received has no immediate effect on the Company's Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until August 13, 2024 (the "Compliance Date"), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 22, 2024 TOMI ENVIRONMENTAL SOLUTIONS, INC. By: /s/ Halden Shane Name: Halden Shane Title: Chief Executive Officer 3