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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 4, 2024

 

 

 

JANONE INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Nevada   000-19621   41-1454591

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

325 E. Warm Springs Road, Suite 102    
Las Vegas, Nevada   89119
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 702 997-5968

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

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:

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value per share   JAN   The NASDAQ Stock Market LLC (Nasdaq Capital Market)

 

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. ☐

 

 

 

 

 

 

Section 3 – Securities and Trading Markets

 

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

 

As of June 4, 2024 (the date of this Current Report on Form 8-K), JanOne Inc. (the “Company” or “we”) received a letter from Nasdaq Regulation that provided, in pertinent part, “[o]n April 16, 2024, Staff notified the Company that it did not comply with the minimum $2.5 million stockholders’ equity, or $35 million market value of listed securities, or $500,000 of net income from continuing operations requirements for The Nasdaq Capital Market set forth in Listing Rules 5550(b)(1), or 5550(b)(2), or 5550(b)(3) (the “Rules”), respectively. Based on your Form 10-Q for the period ended March 31, 2024 (filed with the Securities and Exchange Commission on May 3, 2024), evidencing $3,773,000 (in total stockholders’ equity), Staff has determined that the Company complies with the Rules and this matter is now closed.”

 

Accordingly, we are again in compliance with Nasdaq’s Listing Rule 5550(b)(1).

 

 

 

 

SIGNATURES

 

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.

 

JANONE INC.  
     
By: /s/ Tony Isaac  
Name: Tony Isaac  
Title: Chief Executive Officer  

 

Dated: June 4, 2024

 

 

 

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Jun. 04, 2024
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Document Period End Date Jun. 04, 2024
Entity File Number 000-19621
Entity Registrant Name JANONE INC.
Entity Central Index Key 0000862861
Entity Tax Identification Number 41-1454591
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 325 E. Warm Springs Road
Entity Address, Address Line Two Suite 102
Entity Address, City or Town Las Vegas
Entity Address, State or Province NV
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Title of 12(b) Security Common Stock, $0.001 par value per share
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