UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) (ZIP Code)
Registrant’s telephone number, including area code: (
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On April 23, 2024, Dynatronics Corporation (the "Company") received written notice ("Fee Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it had not paid certain fees required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5250(f). The Company's past due fee balance was $49,500 as of the date of the Fee Notice. The Fee Notice provided that if the Company elects not to appeal by April 30, 2024, then this lack of payment would lead to the suspension of the trading of the Company's common stock at the opening of business on May 2, 2024 and Nasdaq would file a Form 25-NSE with the Securities and Exchange Commission to remove the Company's securities from listing and registration on The Nasdaq Stock Market.
The Company did not intend to appeal and paid the past due fees required by Nasdaq Listing Rule 5250(f) on April 24, 2024. On April 29, 2024, the Company received another notice from Nasdaq confirming the receipt of the balance due and withdrawing the Fee Notice.
SIGNATURE
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.
| Date: April 29, 2024 | DYNATRONICS CORPORATION | |
| By: | /s/ Brian D. Baker | |
| Name: | Brian D. Baker | |
| Title: | President and Chief Executive Officer | |
Document and Entity Information Document |
Apr. 23, 2024 |
|---|---|
| Document Information [Line Items] | |
| Document Type | 8-K |
| Document Creation Date | Apr. 23, 2024 |
| Document Period End Date | Apr. 23, 2024 |
| Amendment Flag | false |
| Entity Registrant Name | Dynatronics Corp. |
| Entity Address, Address Line One | 1200 Trapp Rd. |
| Entity Address, City or Town | Eagan |
| Entity Address, State or Province | MN |
| Entity Address, Country | US |
| Entity Address, Postal Zip Code | 55121 |
| Entity Incorporation, State Country Name | UT |
| City Area Code | 801 |
| Local Phone Number | 568-7000 |
| Entity File Number | 000-12697 |
| Entity Central Index Key | 0000720875 |
| Entity Emerging Growth Company | false |
| Entity Tax Identification Number | 87-0398434 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common stock, no par value |
| Trading Symbol | DYNT |
| Security Exchange Name | NASDAQ |
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