Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On March 24, 2023, the Company received a notice (the "Notice") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company was not in compliance with Listing Rule 5550(b)(2) (the "Minimum Market Value of Listed Securities" or "MVLS"), which requires the Company to have at least 35 million market value of listed securities for continued listing on the NASDAQ Capital Market. The Notice is only a notification of deficiency and has no current effect on the listing or trading of the Company's securities on the Nasdaq Capital Market.

The Notice states that the Company has a compliance period of 180 calendar days until September 20, 2023 in which to regain compliance.

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