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CURRENT REPORT
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Item 8.01. Other Events.
On July 23, 2025, based on the timely submission by Iveda Solutions, Inc. (the “Company”) of a compliance plan, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting an extension to the Company until November 24, 2025 to regain compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1) (the “Rule”) subject to the Company complying with certain terms of the extension. If the Company fails to regain and evidence compliance with the Rule, it may be subject to delisting. In such an event, Nasdaq Listing Rules permit the Company to appeal any delisting determination to a Nasdaq Hearing Panel. There can be no assurance that the Company will be able to regain compliance with the Rule or maintain its listing on the Nasdaq Capital Market.
As previously disclosed, on May 27, 2025, the Company received a letter from Nasdaq indicating that the Company was not in compliance with the Rule, because the Company’s stockholders’ equity of $1,700,887 as reported in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 was below the required minimum of $2.5 million, and because, as of May 25, 2025, the Company did not meet the alternative compliance standards, relating to the market value of listed securities of $35 million or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years.
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.
| Iveda Solutions, Inc. | ||
| July 30, 2025 | By: | /s/ David Ly |
| Name: | David Ly | |
| Title: | Chief Executive Officer and Chairman | |