Know Labs, Inc. Announces NYSE American Acceptance of Plan to Regain Compliance
December 11 2024 - 8:00AM
Business Wire
Know Labs, Inc. (NYSE American: KNW), leading developer of
non-invasive diagnostics technology, today announced that on
December 10, 2024, it received notification (the "Acceptance
Letter") from the NYSE American LLC (the "NYSE American") that the
Company's previously-submitted plan to regain compliance with the
NYSE American's listing standards (the "Plan") was accepted. In the
Acceptance Letter, NYSE American granted the Company until March
27, 2026 (the "Plan Period"), to regain compliance with the
continued listing standards.
During the Plan Period, the Company will be subject to periodic
review by the NYSE American on its progress with the goals and
initiatives outlined in the Plan. The Company intends to regain
compliance with Sections 1003(a)(i), (ii) and (iii) of the NYSE
American Company Guide during the Plan Period. If the Company does
not regain compliance with the NYSE American listing standards by
March 27, 2026, or if the Company does not make sufficient progress
consistent with the Plan during the Plan Period, then NYSE American
may initiate delisting proceedings.
The Company's shares of common stock will continue to be listed
and traded on the NYSE American during the Plan Period, subject to
the Company's compliance with the other listing requirements of the
NYSE American. The Acceptance Letter does not affect the Company's
ongoing business operations or its reporting requirements with the
Securities and Exchange Commission ("SEC").
Additional details regarding the Acceptance Letter from the NYSE
American are included in, and the description above is qualified in
its entirety by, Know Labs' Current Report on Form 8-K filed with
the SEC on December 11, 2024, which will be made available for
download from the Company’s website.
About Know Labs, Inc.
Know Labs, Inc. is a public company whose shares trade on the
NYSE American Exchange under the stock symbol “KNW.” The Company’s
platform technology uses spectroscopy to direct electromagnetic
energy through a substance or material to capture a unique
molecular signature. The technology is designed to be able to
integrate into a variety of wearable, mobile or bench-top form
factors. The Company believes that this patented and patent-pending
technology makes it possible to effectively identify and monitor
analytes that could only previously be performed by invasive and/or
expensive and time-consuming lab-based tests. The Company’s first
expected application of the technology will be in a product
marketed as a non-invasive glucose monitor. The device is designed
to provide the user with accessible and affordable real-time
information on blood glucose levels. This product will require U.S.
Food and Drug Administration clearance prior to its introduction to
the market.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of Know Labs, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy; and (iv) performance of
products. You can identify these statements by the use of the words
“may,” “will,” “could,” “should,” “would,” “plans,” “expects,”
“anticipates,” “continue,” “estimate,” “project,” “intend,”
“likely,” “forecast,” “probable,” “potential,” and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond Know
Labs, Inc.’s ability to control, and actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
September 30, 2024, Forms 10-Q and 8-K, and in other filings we
make with the Securities and Exchange Commission from time to time.
These documents are available on the SEC Filings section of the
Investor Relations section of our website at www.knowlabs.co. The
Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241211396411/en/
Know Labs, Inc. Contact: Jordyn Hujar jordyn@knowlabs.co
Ph. (206) 629-6414
Know Labs (AMEX:KNW)
Historical Stock Chart
From Nov 2024 to Dec 2024
Know Labs (AMEX:KNW)
Historical Stock Chart
From Dec 2023 to Dec 2024