Global System Dynamics receives conditional listing extension from Nasdaq
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©Reuters. NEW YORK – Global System Dynamics, Inc. (GSD) has received conditional approval from the Nasdaq Hearing Panel to maintain its listing on the Nasdaq Capital Market. The tech company, which faced the possibility of delisting last year after failing to comply with market capitalization requirements, now has until April 1 to complete its merger with DarkPulse and resolve all SEC regulations by January 19 Opinion.
In April 2023, GSD was informed that it did not meet Nasdaq’s minimum market capitalization requirements. There was a threat of delisting in October 2023, but the company was granted an exception in December, providing a lifeline to resolve compliance issues.
GSD Chief Financial Officer Rick Iler is leading efforts to meet the conditions set by Nasdaq. The merger with DarkPulse is expected to be a strategic move that will enhance shareholder value and is a key component of GSD’s plan to comply with Nasdaq requirements.
GSD expressed its strong commitment to maintaining its position on the Nasdaq Capital Market. The company’s progress toward meeting Nasdaq conditions is being closely watched as the April 1 deadline to complete its merger with DarkPulse approaches.
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