Latest news for Gores Holdings IX (NASDAQ:GHIX) Stock

Gores Holdings IX Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Gores Holdings IX, Inc. - Class A Common Stock

Gores Holdings IX Inc

Scotiabank analyst Orest Wowkodaw maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Sector Perform and raises the price target from $52 to $53.

News

Price Target

Analyst Ratings

Scotiabank Maintains Sector Perform on Freeport-McMoRan, Raises Price Target to $53

Needham analyst Ami Fadia reiterates Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold.

Reiteration

SAGE

Needham Reiterates Hold on Sage Therapeutics

Researchers at Texas A&amp;M&#8217;s hemp-breeding program have achieved a unique milestone in their quest to develop super strains.
Led by Dr. Russell Jessup, the team successfully identified and bred strains that can thrive in Texas' extreme heat and arid conditions. These genetics will now be added to the U.S. Department of Agriculture&#8217;s (USDA) national collection, providing a valuable resource for <a href="https://www.benzinga.com/markets/cannabis/24/08/40445518/california-cannabis-exodus-wildfires-low-prices-taxes-threaten-cultivators-survival">farmers</a> across the country.
Dr. Jessup shared the magician&#8217;s trick in an <a href="https://www.austinchronicle.com/columns/2024-10-04/the-austin-chronic-texas-aams-hemp-breeding-program-adds-drought-resistant-genetics-to-the-national-/">interview</a> with Kevin Curtis in The Austin Chronicle: &#8220;We torture plants with high lights, high temperature, high salts, I don't water them, I put them in crappy soil. We torture the heck out of them, then see which ones are the MMA plants, and those are the ones we pick.&#8221; 
This testing ensures only the strongest and most resilient hemp plants are selected for further breeding.
The breeding program focuses on overcoming challenges specific to Texas&#8217; climate. Scientists aim to select those genetics that will better adapt to hostile environments, like extreme heat, extreme humidity or lack of water.
The resulting strains aim to meet the demands of farmers willing to grow industrial hemp for seed or fiber purposes, like drought-resistant hemp.
According to Dr. Jessup, "The material out of Colorado, Oregon, and Europe does okay in Amarillo and the Panhandle, but when you get below Dallas, and especially below Austin, it just goes to hell."&nbsp;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/01/36539826/is-eco-friendly-hemp-farming-profitable-this-company-proves-it-is-and-now-leads-a-revolution-in-">Is Eco-Friendly Hemp Farming Profitable? This Company Proves It Is And Now Leads A Revolution In Cannabis Cultivation</a>
<h3 class="wp-block-heading">Drought-Resistant Hemp And Sustainability</h3>
Hemp's value extends beyond its price as a commodity and its <a href="https://www.benzinga.com/markets/cannabis/24/08/40418137/industrial-hemps-14b-projected-growth-an-investment-opportunity-too-good-to-miss">multiple industrial</a> use cases. 
Hemp is increasingly recognized as a <a href="https://www.benzinga.com/markets/cannabis/22/11/29865659/hemp-can-be-crucial-in-controlling-climate-change-and-its-destined-to-be-wildly-profitable-win-w">sustainable crop</a> that can play a crucial role in combating climate change. It is also known for its ability to sequester carbon dioxide (CO2) from the atmosphere more efficiently than trees.
According to studies, hemp can absorb up to 16 tons of CO2 per hectare annually, making it a powerful tool in carbon farming initiatives. Additionally, hemp requires less water compared to other crops like cotton, reducing its environmental impact.
Since the launch of the <a href="https://www.ams.usda.gov/rules-regulations/hemp/questions-and-answers">Hemp Production Program</a>, the USDA has <a href="https://www.benzinga.com/markets/cannabis/21/10/23306858/usda-will-invest-20-million-in-research-on-sustainable-hemp-agriculture">invested</a> millions into sustainable hemp research, including projects aimed at understanding hemp's climate benefits. The department has also <a href="https://apps.ams.usda.gov/CMS/CropSearch.aspx">certified</a> 19 varieties of hemp. 
Texas A&amp;M's contributions of drought-resistant hemp varieties to the USDA&#8217;s germplasm collection further diversify the <a href="https://www.benzinga.com/markets/cannabis/24/03/37895882/usda-approved-thc-and-cbd-free-hemp-strain-seeks-to-curb-25-crop-loss-due-to-non-compliance">range of strains</a> available to farmers.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40418137/industrial-hemps-14b-projected-growth-an-investment-opportunity-too-good-to-miss">Industrial Hemp&#8217;s $14B Projected Growth: An Investment Opportunity Too Good To Miss</a></li>
</ul>
Cover: AI generated image

Cannabis

Markets

Crafting A 'Mixed Martial Arts' Plant: Texas Scientists Develop Drought-Resistant Hemp Strain

<a href="https://www.youtube.com/watch?v=xCy5Dnl7rMQ" title="https://www.youtube.com/watch?v=xCy5Dnl7rMQ">https://www.youtube.com/watch?v=xCy5Dnl7rMQ</a>

Macro Economic Events

Economics

Florida Gov. Ron DeSantis In Press Conference Regarding Hurricane Milton, Says "We have 5,000 National Guard That Are On Duty, That Will Expand To 8,000 Very Very Soon"

Citigroup analyst Paul Diamond maintains Expand Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) with a Buy and raises the price target from $90 to $97.

Citigroup Maintains Buy on Expand Energy, Raises Price Target to $97

Guggenheim analyst Shahriar Pourreza maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Buy and raises the price target from $77 to $118.

Guggenheim Maintains Buy on NRG Energy, Raises Price Target to $118

Citigroup analyst Jon Tower maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Neutral and raises the price target from $69 to $83.

Citigroup Maintains Neutral on Brinker International, Raises Price Target to $83

Guggenheim analyst Shahriar Pourreza maintains Talen Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) with a Buy and raises the price target from $219 to $246.

Guggenheim Maintains Buy on Talen Energy, Raises Price Target to $246

Citigroup analyst Simon Hales maintains Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) with a Buy and raises the price target from $118.5 to $132.

Citigroup Maintains Buy on Philip Morris Intl, Raises Price Target to $132

Citigroup analyst Adam Spielman maintains Altria Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>) with a Neutral and raises the price target from $44.5 to $48.

Citigroup Maintains Neutral on Altria Group, Raises Price Target to $48

Guggenheim analyst Shahriar Pourreza maintains Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) with a Buy and raises the price target from $133 to $177.

Guggenheim Maintains Buy on Vistra, Raises Price Target to $177

Experts are predicting that Hurricane Milton will cause <a href="https://www.benzinga.com/news/24/10/41231817/hurricane-milton-dire-warning-if-you-choose-to-stay-youre-going-to-die-officials-encourage-writing-n">historic devastation in Florida.</a> Large parts of the state are being evacuated. It could result in dire consequences for the travel industry.
However, Carnival Corporation &amp; plc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock has not been negatively impacted and is in rally mode. This is why our team of trading experts has made it our Stock of the Day.
The chart of Carnival illustrates some important market principles. First, it shows that stocks tend to rally after they reach support levels. This happens due to anxious buyers.
Some of the traders and investors who created the support with their buy orders worry that others will outbid them. They know that the sellers will go to whoever is willing to pay the highest price and they are concerned that they will miss the trade.
As a result, they increase the prices they are willing to pay. Other anxious buyers see this and do the same. This results in a bidding war that forces the shares into an uptrend.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122225/carnival-posts-strong-q3-earnings-analysts-suspect-some-conservatism-built-into-q4-">Carnival Posts Strong Q3 Earnings, Analysts Suspect &#8216;Some Conservatism Built Into Q4 Guidance&#8217;</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="628" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08151548/ccl-chart-1-1024x628.png" alt="" class="wp-image-586372" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08151548/ccl-chart-1-1024x628.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08151548/ccl-chart-1-300x184.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08151548/ccl-chart-1-768x471.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08151548/ccl-chart-1.png 1183w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The chart also shows that stocks tend to sell off after they reach resistance levels. This occurs for the opposite reason. It is because of anxious sellers.
They are afraid other sellers will undercut them. They know that the buyers will go to whoever is willing to sell at the lowest price and don't want to miss out on their trade.
As a result, they reduce the prices at which they are willing to sell. Other concerned sellers see this and do the same. This can result in a snowball effect that pushes the stock into a downtrend.
The best traders don't guess. They let the market tell them what to do and understand that most price moves occur because of market psychology.
They know that when a stock drops to a support level, anxious buyers may push the price higher. They also know that when stocks reach resistance levels, anxious sellers may push the price lower.
This knowledge can result in low-risk trading opportunities.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41236355/stocks-rally-as-oil-prices-tumble-tech-chipmakers-lead-as-traders-focus-on-ai-winners-before-earnin">Stocks Rally As Oil Prices Tumble; Tech, Chipmakers Lead As Traders Focus On AI Winners Before Earnings Season: What&#8217;s Driving Markets Tuesday?</a></li>
</ul>
Photo: Shutterstock

Technicals

Travel

Trading Ideas

Stock Of The Day: Will Hurricane Milton Sink Carnival's Stock?

Citigroup analyst Yigal Nochomovitz initiates coverage on Zenas BioPharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBIO#NASDAQ">ZBIO</a>) with a Buy rating and announces Price Target of $27.

Initiation

ZBIO

Citigroup Initiates Coverage On Zenas BioPharma with Buy Rating, Announces Price Target of $27

Cantor Fitzgerald analyst C J Muse maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Neutral and lowers the price target from $210 to $200.

Cantor Fitzgerald Maintains Neutral on Texas Instruments, Lowers Price Target to $200

Citigroup analyst Nick Joseph initiates coverage on Curbline Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) with a Neutral rating and announces Price Target of $25.

CURB

Citigroup Initiates Coverage On Curbline Properties with Neutral Rating, Announces Price Target of $25

Levi Strauss's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) short percent of float has fallen 7.55% since its last report. The company recently reported that it has 5.91 million shares sold short, which is 6.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Levi Strauss Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728414926_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Levi Strauss has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Levi Strauss's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Levi Strauss's peer group average for short interest as a percentage of float is 9.68%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

LEVI

(LEVI) - Analyzing Levi Strauss's Short Interest

Lam Research's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NYSE">LRCX</a>) short percent of float has fallen 14.14% since its last report. The company recently reported that it has 2.20 million shares sold short, which is 1.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lam Research Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728414921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lam Research has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lam Research's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lam Research's peer group average for short interest as a percentage of float is 6.87%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

LRCX

Peering Into Lam Research's Recent Short Interest

Moderna's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NYSE">MRNA</a>) short percent of float has risen 7.75% since its last report. The company recently reported that it has 27.61 million shares sold short, which is 9.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Moderna Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728414913_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Moderna has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Moderna's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Moderna's peer group average for short interest as a percentage of float is 5.63%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

MRNA

(MRNA) - Analyzing Moderna's Short Interest

Shares of Simon Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) have soared 17.4%% in the year-to-date period compared with its industry&#39;s growth of 7.8%.
This retail real estate investment trust&#39;s (REITs) portfolio of premium retail assets in the United States and abroad, the adoption of omnichannel retailing, focus on mixed-use developments and healthy balance sheet strength have enabled it to ride the growth curve so far.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/eb/80816.jpg?v=139820625" />
Image Source: Zacks Investment Research
Let us now decipher the factors behind the increase in the stock price and check whether the trend will last.
Simon Property enjoys a wide exposure to retail assets across the United States. Moreover, the company&#39;s international presence fosters sustainable long-term growth as compared with its domestically-focused peers. Its ownership stake in Kl&eacute;pierre facilitates the expansion of its global footprint, which gives it access to premium retail assets in the high barrier-to-entry markets of Europe. We believe that diversification, with respect to both product and geography, will help it grow over the long term.
In the first half of 2024, it signed 572 new leases and 1,251 renewal leases (excluding mall anchors and majors, new development, redevelopment and leases with terms of one year or less) with a fixed minimum rent across its U.S. Malls and Premium Outlets portfolio.
Given the favorable retail real estate environment, this leasing momentum is expected to continue in the upcoming quarters. As of June 30, 2024, the ending occupancy for the U.S. Malls and Premium Outlets portfolio came in at 95.6%, up 90 basis points from 94.7% as of June 30, 2023. We project the 2024 year-end occupancy for this portfolio to be 95.7%.
Simon Property&#39;s adoption of an omni-channel strategy and successful tie-ups with premium retailers have paid off well. Its online retail platform, coupled with an omnichannel strategy, is likely to be accretive to its long-term growth. The company is also focused on tapping its growth opportunities by assisting digital brands enhance their brick-and-mortar presence.
Also, its efforts to explore the mixed-use development option, which has gained immense popularity in recent years, has enabled it to tap the growth opportunities in areas where people prefer to live, work and play.
<h2>SPG&#39;s Balance Sheet &amp; ROE</h2>
The retail REIT maintains a healthy balance sheet position and has $11.2 billion of liquidity as of the end of the second quarter of 2024. As of June 30, 2024, Simon Property&#39;s total secured debt to total assets was 17%, while the fixed-charge coverage ratio was 4.3, ahead of the required level.
SPG also enjoys a corporate investment-grade credit rating of A- from Standard and Poor&#39;s and a senior unsecured rating of A3 from Moody&#39;s, rendering it favorable access to the debt market. The company&#39;s solid financial footing with ample financial flexibility is likely to support its growth endeavors going forward.
In addition, SPG&#39;s trailing 12-month return on equity is 78.14% compared with the industry&#39;s average of 6.28%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
<h2>SPG&#39;s Dividend Payments</h2>
Solid dividend payouts are a massive enticement for REIT investors, and SPG has remained committed to boosting shareholder wealth. Encouragingly, the company has raised its dividend payout 11 times in the last five years, with the latest hike being announced in August 2024, concurrent with the second-quarter 2024 earnings release.
Given SPG&#39;s solid operating platform, opportunities for growth, and decent financial position compared with the industry, we expect the dividend rate to be sustainable in the upcoming period.
<h2>Risks Likely to Affect SPG&#39;s Positive Trend</h2>
rowing e-commerce adoption is likely to adversely impact the market share for brick-and-mortar stores and affect retail REITs including Simon Property. Limited consumers&#39; willingness to spend amid macroeconomic uncertainty poses key near-term concerns for the company.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the retail REIT sector are Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>) and Tanger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Brixmor&#39;s 2024 FFO per share is pinned at $2.13, suggesting year-over-year growth of 4.4%.
The Zacks Consensus Estimate for Tanger&#39;s 2024 FFO per share stands at $2.09, indicating an increase of 6.6% from the year-ago reported figure.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2347757/simon-property-soars-17-4-year-to-date-will-the-trend-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2347757">To read this article on Zacks.com click here.</a>

Earnings

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Mid Cap

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Real Estate

Simon Property Soars 17.4% Year to Date: Will the Trend Last?

Citigroup analyst Jon Tower maintains Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Neutral and raises the price target from $18 to $18.75.

Citigroup Maintains Neutral on Wendy's, Raises Price Target to $18.75

Gores Holdings IX receives Nasdaq's delinquency notification letter

GHIX

Press Releases

Gores Holdings IX Announces Receipt of Nasdaq Listing Delinquency Notification Letter

Gores Holdings IX

Gores Holdings IX, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHIX#NASDAQ">GHIX</a>) (the "Company") today announced that it received a delinquency notification letter (the "Notice") from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on September 9, 2024 due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the "Q2 2024 Form 10-Q"). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). The Notice has no immediate effect on the listing of the Company's securities on Nasdaq. However, if the Company fails to timely regain compliance with the rule, the Company's securities will be subject to delisting from Nasdaq.The Notice provides that the Company has 60 calendar days to submit a plan to Nasdaq to regain compliance; if the plan is accepted, Nasdaq can grant an exception of up to 180 days from the due date of the Q2 2024 Form 10-Q, or until February 10, 2025, to regain compliance.

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Friday, September 13, 2024