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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adamas One Corporation | NASDAQ:JEWL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0261 | 8.56% | 0.3311 | 0.30 | 0.32 | 0.3399 | 0.29 | 0.305 | 16,124 | 15:56:07 |
This notification has no immediate effect on the listing of the Company's common stock on Nasdaq. However, if the Company fails to timely regain compliance with the Nasdaq Listing Rule, the Company's common stock will be subject to delisting from Nasdaq.
Pursuant to the notification, the Company has until March 19, 2024 to file both the 2023 Annual Report and the Q1 2024 Quarterly Report, or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule for these delinquent reports. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the original due date of the 2023 Annual Report, or until July 16, 2024 to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
The Company is working diligently and expects to file its 2023 Annual Report shortly and to file its Q1 2024 Quarterly Report within approximately three weeks after the filing of the 2023 Annual Report, which would eliminate the need for the Company to submit a formal plan to regain compliance.
About Adamas One Corp.
Adamas is a lab-grown diamond manufacturer that produces near flawless single-crystal diamonds for gemstone and industrial applications, in its facilities in Greenville, South Carolina. The Company holds 36 patents and uses its proprietary chemical vapor deposition (CVD) to grow gem-sized and smaller diamond crystals. Adamas One™ lab-grown diamonds have the same physical, chemical and optical properties as mined diamonds. The Company’s controlled manufacturing processes enables it to produce very high-quality, high-purity, single-crystal colorless, near colorless and fancy colored Type IIA diamonds to suit a variety of industrial and gemstone applications. The Company intends to market and sell its diamonds into the wholesale jewelry and industrial markets. For more information, visit www.adamasone.com.
Not Mined. Not Fake. Just Sped Up Perfection. ™
Forward-Looking StatementsThis press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in documents that we file from time to time with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Adamas One Corp. does not undertake any duty to update any forward-looking statements except as may be required by law. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
Source: Adamas One Corp
For more information contact: Investor Relations CORE IR Scott Arnold, Managing Partner 516 222 2560 ir@adamasone.com Media Relations CORE IR Jules Abraham 917 885 7378
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