UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On March 19, 2024, Adamas One Corp. (the “Company”) submitted to Nasdaq a plan setting forth the necessary steps to regain compliance with the Nasdaq Listing Rule 5250(c)(1) (the “Submission”). After review, on March 26, 2024, Nasdaq granted an exception to enable the Company to regain compliance with the Rule.
The delay in filing the of the 10-K and 10-Q is due staffing issues at to the Company’s new independent registered public accounting firm Turner, Stone & Company, L.L.P., (“Turner Stone”). In that regard, Turner Stone informed the Company that it would be unable to start reviewing the Company’s financial statements prior to April 12th. Accordingly, the Company expects to file their 10-K on or prior to April 19, 2024 and form 10-Q on or prior to May 20, 2024.
The terms of the exception are as follows: on or before May 20, 2024, the Company must file its Form 10-K for the period ended September 30, 2023, and Form 10-Q for the period ended December 31, 2023 as required by the Rule.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ADAMAS ONE CORP. | ||
| Dated: April 17, 2024 | By: | /s/ John G. Grdina |
John G. Grdina Chief Executive Officer | ||