Minim Receives Nasdaq Notification

Core Viewpoint - Minim, Inc. has received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 for continued listing on The Nasdaq Capital Market [1] Group 1: Nasdaq Notification and Appeal - The company was informed by Nasdaq's Listing Qualifications Department that it does not meet the stockholders' equity requirement [1] - Minim has appealed the determination to a Hearings Panel, which will stay the suspension of its securities pending the Panel's decision [2] - The company has requested that the Staff determination be stayed while the appeal is resolved [2] Group 2: Compliance Strategy - Minim intends to regain compliance with the stockholders' equity requirement through a direct equity investment and/or business combination before the hearing [3] - There is no assurance that the company will successfully execute this plan [3] Group 3: Company Overview - Minim, Inc. was established in 1977 and specializes in intelligent software for enhancing WiFi connections [4] - The company's cloud platform supports various routers and apps, focusing on customer control over their connected experience and privacy [4]