Dynatronics Corporation Provides Update Regarding Transition to OTC Markets Group

Core Viewpoint - Dynatronics Corporation is transitioning from Nasdaq to OTC Markets Group due to noncompliance with Nasdaq's minimum bid price requirement, with trading on Nasdaq set to be suspended on July 9, 2024 [3][4]. Company Update - Dynatronics received a written notice from Nasdaq regarding the potential delisting of its common stock if it did not regain compliance by June 24, 2024 [3]. - The company has decided that transitioning to OTCQB is the best course of action, and its common stock will be quoted on OTCQB immediately after the suspension from Nasdaq [4]. - The ticker symbol and CUSIP for the company's common stock are expected to remain unchanged during the transition [4]. - Shareholders are not required to take any action regarding this transition [4]. Business Operations - The transition to OTCQB is not expected to affect the company's business operations, and it will continue to remain a reporting company under the Securities Exchange Act of 1934 [5]. - Dynatronics is a leading manufacturer of athletic training, physical therapy, and rehabilitation products, marketing a broad range of products to various healthcare professionals [6]. - The company operates under well-known industry brands, including Bird & Cronin®, Solaris™, Hausmann®, and PROTEAM™ [6].