DelistingMay 20, 2026, 09:07 AM
TOMI Environmental Solutions to be Delisted from Nasdaq
AI Summary
TOMI Environmental Solutions, Inc. received a letter from Nasdaq's Listing Qualifications Department notifying the company that its Common Stock will be delisted from The Nasdaq Capital Market. This action follows the company's failure to regain compliance with both the minimum $1.00 bid price requirement and the $2,500,000 stockholders' equity requirement. TOMI Environmental Solutions plans to file an appeal, which will temporarily halt the delisting process through the hearing.
Key Highlights
- TOMI Environmental Solutions received a delisting notice from Nasdaq on May 19, 2026.
- The company failed to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
- TOMI also failed to meet the $2,500,000 minimum stockholders' equity requirement.
- The company plans to file an appeal to challenge the delisting decision.
- The appeal will stay any further delisting action through the hearing process.
Price Impact
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