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Brüush Receives Additional Delisting Notification to Address at Hearing

Brüush Receives Additional Delisting Notification to Address at Hearing

Bruush 收到额外的除名通知以在听证会上发表讲话
Accesswire ·  03/25 18:00

VANCOUVER, BC / ACCESSWIRE / March 25, 2024 / Bruush Oral Care Inc. (NASDAQ:BRSH) (the "Company"), today announced that it has received a notice from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") on March 20, 2024 notifying the Company that because the Company is delinquent in filing its annual report on Form 20-F for the year ended October 31, 2023, this deficiency serves as an additional basis for delisting the Company's securities from Nasdaq per Listing Rule 5810(d). This deficiency will be considered by the Hearings Panel (the "Panel") at a hearing that has been scheduled for April 25, 2024 to address the Company's other current deficiencies.

不列颠哥伦比亚省温哥华/ACCESSWIRE/2024年3月25日/Bruush Oral Care Inc.(纳斯达克股票代码:BRSH)(“公司”)今天宣布,它已于2024年3月20日收到纳斯达克股票市场有限责任公司(“纳斯达克”)上市资格部门的通知,通知该公司,由于该公司拖欠提交截至2023年10月31日止年度的20-F表年度报告,这一缺陷起到了作用作为根据《上市规则》第5810(d)条将公司证券从纳斯达克退市的额外依据。听证小组(“小组”)将在定于2024年4月25日举行的听证会上考虑这一缺陷,以解决公司当前的其他缺陷。

As previously reported on November 15, 2023, the Company also currently fails to satisfy the requirements that the closing bid price of its common shares remain at $1.00 or higher, as required by Nasdaq Listing Rule 5550(a)(2). Additionally, as reported on of February 27, 2024, the Company's common shares had a closing bid price of $0.10 or less for ten consecutive trading closing bid price of $0.10 or less for ten consecutive trading days during a compliance period specified in Rule 5810(c)(3)(A), which triggered a notice of delisting pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii).

正如先前在2023年11月15日报道的那样,该公司目前也未能满足纳斯达克上市规则5550(a)(2)要求的普通股收盘出价保持在1.00美元或以上的要求。此外,正如2024年2月27日报告的那样,在规则5810(c)(3)(A)规定的合规期内,公司普通股连续十个交易日的收盘出价为0.10美元或以下,连续十个交易日的收盘价为0.10美元或以下,这触发了根据纳斯达克上市规则5810(c)(3)(A)(iii)发布的退市通知。

On February 28, 2024, the Company elected to appeal Nasdaq's delisting determination and requested a hearing before the Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The hearing has been scheduled for April 25, 2024.

2024年2月28日,公司选择对纳斯达克的退市决定提出上诉,并根据纳斯达克上市规则5800系列中规定的程序,要求专家组举行听证会。听证会定于2024年4月25日举行。

The hearing process automatically stays the suspension of the Company's common shares pending the Panel's decision and the expiration of any additional extension period granted by the Panel following the hearing. At the hearing, the Company intends to present a plan to regain compliance with the applicable rules for continued listing. There can be no assurance as to the decision of the Panel.

在专家小组做出决定以及听证会后小组批准的任何额外延期到期之前,听证程序将自动暂停公司普通股的停牌。在听证会上,该公司打算提出一项计划,以恢复对继续上市的适用规则的遵守。专家小组的决定无法得到保证。

About Bruush Oral Care Inc.

关于 Bruush 口腔护理公司

Bruush Oral Care Inc. is on a mission to inspire confidence through brighter smiles and better oral health. Founded in 2018, Brüush is an oral care company that is disrupting the space by reducing the barriers between consumers and access to premium oral care products. The Company is an e-commerce business with a product portfolio that currently consists of a sonic-powered electric toothbrush kit and brush head refills. Brüush has developed a product to make upgrading to an electric brush appealing with three core priorities in mind: (i) a high-quality electric toothbrush at a more affordable price than a comparable electric toothbrush from the competition; (ii) a sleek, countertop-friendly design; and (iii) a convenient brush head refill subscription program that eliminates the frustrating experience of purchasing replacement brush heads at the grocery/drug store. The Company is rooted in building a brand that creates relevant experiences and content, with the goal of becoming the go-to oral care brand for millennials and Generation Z.

Bruush Oral Care Inc. 的使命是通过更灿烂的笑容和更好的口腔健康来激发信心。Bruush成立于2018年,是一家口腔护理公司,通过减少消费者与获得优质口腔护理产品之间的壁垒,正在颠覆这一领域。该公司是一家电子商务企业,其产品组合目前包括声波驱动的电动牙刷套装和刷头替换装。Bruush开发了一款产品,旨在使升级到电动刷子更具吸引力,同时考虑了三个核心优先事项:(i)价格比竞争对手的同类电动牙刷更实惠的高品质电动牙刷;(ii)流畅、台面友好的设计;(iii)便捷的刷头补充订阅计划,消除了在杂货店/药店购买替换刷头的令人沮丧的体验。该公司的根基是建立一个创造相关体验和内容的品牌,目标是成为千禧一代和Z世代的首选口腔护理品牌。

For more information on Brüush visit:

有关 Bruüush 的更多信息,请访问:

Safe Harbor Forward-Looking Statements

安全港前瞻性陈述

This press release of Bruush Oral Care Inc. contains "forward-looking statements". Words such as "may", "will", "could", "should", "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" and other comparable terminology are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses its vision, its strategy, and its products. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there could be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

Bruush Oral Care Inc.的本新闻稿包含 “前瞻性陈述”。诸如 “可能”、“将”、“可能”、“应该”、“期望”、“预期”、“打算”、“计划”、“相信”、“寻求”、“估计” 等词语以及其他类似术语旨在识别前瞻性陈述。例如,该公司在讨论其愿景、战略和产品时使用前瞻性陈述。前瞻性陈述不是历史事实,而是基于管理层当前的预期、信念和预测,其中许多预期、信念和预测本质上是不确定的。这些期望、信念和预测是本着诚意表达的。但是,无法保证管理层的预期、信念和预测将得到实现,实际业绩可能与前瞻性陈述所表达或表明的结果存在重大差异。前瞻性陈述受风险和不确定性的影响,这些风险和不确定性可能导致实际表现或结果与前瞻性陈述中表达的表现或结果存在重大差异。前瞻性陈述仅代表陈述发表之日。除非适用的证券法要求,否则公司没有义务更新前瞻性陈述以反映实际业绩、后续事件或情况、假设变化或影响前瞻性陈述的其他因素的变化。如果公司确实更新了一份或多份前瞻性陈述,则不应推断公司将对该陈述或其他前瞻性陈述进行更多更新。

Contact: support@bruush.com

联系人:support@bruush.com

SOURCE: Bruush Oral Care Inc.

来源:Bruush 口腔护理公司


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