On March 20, 2026, the Company received a notification letter from The Nasdaq Stock Market LLC indicating that the closing bid price of the Company's common stock had been below the minimum bid price requirement of $1.00 per share for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). The notification had no immediate effect on the listing or trading of the Company's common stock.

During the quarter ended June 30, 2026, the Company regained compliance with the minimum bid price requirement after the closing bid price of its common stock remained at or above $1.00 per share for the period required under the Nasdaq Listing Rules. Accordingly, Nasdaq notified the Company that it had regained compliance, and the matter is now closed.