Amesite Inc. Faces Delisting Concerns

Ticker: AMST · Form: 8-K · Filed: 2024-12-03T00:00:00.000Z

Sentiment: bearish

Topics: delisting, compliance, exchange-listing

TL;DR

Amesite's on thin ice with Nasdaq, might get delisted.

AI Summary

Amesite Inc. filed an 8-K on November 26, 2024, to report a notice of delisting or failure to satisfy a continued listing rule or standard. The company is based in Ann Arbor, Michigan, and its IRS number is 823431717. The filing indicates potential issues with meeting Nasdaq's continued listing requirements.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from trading on a major exchange.

Risk Assessment

Risk Level: high — A notice of delisting directly impacts the company's ability to remain publicly traded, posing a significant risk to investors.

Key Numbers

Key Players & Entities

FAQ

What specific listing rule or standard has Amesite Inc. failed to satisfy?

The filing does not specify the exact rule or standard that Amesite Inc. 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 date of the earliest event reported is November 26, 2024.

What is the principal executive office address for Amesite Inc.?

The principal executive offices are located at 607 Shelby Street Suite 700 PMB 214, Detroit, MI 48226.

What is Amesite Inc.'s IRS Employer Identification Number?

Amesite Inc.'s IRS Employer Identification Number is 82-3431718.

What is the SEC file number for Amesite Inc.?

The SEC file number for Amesite Inc. is 001-39553.

From the Filing

0001213900-24-105073.txt : 20241203 0001213900-24-105073.hdr.sgml : 20241203 20241203163047 ACCESSION NUMBER: 0001213900-24-105073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241126 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20241203 DATE AS OF CHANGE: 20241203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Amesite Inc. CENTRAL INDEX KEY: 0001807166 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 823431717 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39553 FILM NUMBER: 241523219 BUSINESS ADDRESS: STREET 1: 205 EAST WASHINGTON STREET STREET 2: SUITE B CITY: ANN ARBOR STATE: MI ZIP: 48104 BUSINESS PHONE: (650) 516-7633 MAIL ADDRESS: STREET 1: 205 EAST WASHINGTON STREET STREET 2: SUITE B CITY: ANN ARBOR STATE: MI ZIP: 48104 FORMER COMPANY: FORMER CONFORMED NAME: Amesite Operating Co DATE OF NAME CHANGE: 20200318 8-K 1 ea0223322-8k_amesite.htm FORM 8-K false 0001807166 0001807166 2024-11-26 2024-11-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported):  November 26, 2024   Amesite Inc. (Exact name of registrant as specified in its charter)   Delaware   001-39553   82-3431718 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   607 Shelby Street Suite 700 PMB 214 Detroit , MI   48226 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code:  (734) 876-8130   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.0001 per share   AMST   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☒   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐            Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.   On November 26, 2024, Amesite Inc. (“Amesite” or “the Company”) received a deficiency letter (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the

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