- Data443 Risk Mitigation recently revealed it had submitted and filed its 2022 Form 10-K with the SEC
- The filing will mark the company’s fourth full year of audited financial statements filed with the SEC
- In turn, this would exempt the company from meeting minimum share price requirements imposed by The Nasdaq Capital Market on companies created by way of a reverser merger and seeking to up list on to the index
- A potential uplisting would mark the latest achievement for Data443, with the company recently revealing a new contract win as well as a capital raising designed to fund its future growth endeavors
Data443 Risk Mitigation (OTC: ATDS), a data security and privacy software company, recently revealed that the company had filed and submitted its annual 10-K form for its fiscal year ended December 31, 2022 (https://ibn.fm/RMIVX). Following the filing of its Form 10K, Data 443 stated that it would no longer be subject to the Nasdaq Capital Market (Nasdaq)’ higher seasoning threshold for price compliance, an event which the company hopes will hasten its uplisting to the Nasdaq main board.
The Nasdaq exchange currently applies heightened ‘seasoning’ rules to all companies which have completed reverse mergers and do not yet have four full years of audited financial statements on file with the Securities and Exchange Commission (“SEC”). As per Nasdaq listing rule 5110 (c), a company must…
NOTE TO INVESTORS: The latest news and updates relating to ATDS are available in the company’s newsroom at https://ibn.fm/ATDS
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