Business Context and Reporting Period
This Form 8-K is filed by DatChat, Inc. (not Myseum.AI, Inc.) on October 4, 2023. The report addresses the company's compliance status with The Nasdaq Stock Market LLC regarding its listing on The Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on regulatory compliance events.
Material Changes
The primary material event is the resolution of a listing deficiency:
- Previous Status: On October 14, 2022, the company was notified of non-compliance with Nasdaq Listing Rule 5550(a)(2) regarding the minimum bid price requirement.
- Compliance Period: The company utilized an initial 180-day period and subsequently requested and received a second 180-day extension, with a deadline of October 9, 2023.
- Current Status: On October 4, 2023, the company received notice from Nasdaq confirming it has regained compliance with the minimum bid price requirement.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of new risks or contingencies beyond the resolution of the bid price deficiency. The company is identified as an emerging growth company.
Investor Verification Checklist
- Verify the current trading symbol is DATS (Common Stock) and DATSW (Series A Warrants) on The Nasdaq Stock Market LLC.
- Confirm the company's continued compliance with Nasdaq listing rules following the October 4, 2023 notice.
- Note that the registrant name in the filing is DatChat, Inc., not Myseum.AI, Inc.
- Review the company's most recent 10-Q or 10-K for actual financial performance metrics, as this 8-K contains none.