YUNHONG CTI LTD. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K)

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule

or Standard.

On January 12, 2022, Yunhong CTI Ltd. ("CTI" or the "Company"), received a notice (the "Notice") of failure to satisfy a continued listing standard from Nasdaq under Listing Rules 5620 (a) and 5810(c)(2)(G). The Notice indicated that the Company failed to hold an annual meeting of stockholders within the required twelve-month period. The Company has 45 days to submit a plan to regain compliance. If that plan is accepted, CTI may be granted up to 180 calendar days from the date of the letter to evidence compliance. Failure to regain compliance with standards for continued listing would result in the ultimate de-listing of CTI's common stock, ticker symbol "CTIB", from Nasdaq. The Company intends to respond with a plan designed to regain compliance.

This summary is not intended to include all terms of the Notice, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 3.01.

Item No. 9.01 - Financial Statements and Exhibits

  Exhibit No.    Exhibit

  99.1             Notice from Nasdaq, dated January 12, 2022.

  104            Cover Page Interactive Data File (embedded within the Inline
                 XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses