RiskOn International (ROI) has released an update to notify the public and investors about listing compliance status.
RiskOn International, Inc. was notified by Nasdaq that its board composition does not meet the independent director requirement after Milton C. Ault, III joined the Board. With only three out of six directors being independent, the Company falls short of the majority needed as per Nasdaq’s rules. The Company has been granted a cure period to rectify this and intends to appoint additional independent directors before the deadline. This notice does not currently impact the trading of the Company’s stock on The Nasdaq Capital Market.
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