Quarterly report [Sections 13 or 15(d)]

Subsequent Event

v3.25.1
Subsequent Event
3 Months Ended
Mar. 31, 2025
Subsequent Event [Abstract]  
SUBSEQUENT EVENT

NOTE 9 - SUBSEQUENT EVENT:

 

On May 12, 2025, Nasdaq notified the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2), which requires common stock to maintain a minimum bid price of $1.00 per share. The notification letter has no immediate effect on the listing or trading of the common stock on Nasdaq and the common stock will continue to trade on Nasdaq under the symbol “ASNS”.

 

The Notification Letter provides that the Company has 180 calendar days, or until November 10, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the common stock must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days.