Applied UV Faces Nasdaq Compliance Challenge Post-Director Resignation

An update from Applied UV (AUVI) is now available.

Following the resignation of Eugene Burleson, a company has fallen out of compliance with Nasdaq’s requirement for at least three independent directors on its Audit Committee. With only two independent directors remaining, the company faces a deadline to rectify this issue by the next annual shareholders’ meeting or by May 7, 2025, to maintain its listing. Meanwhile, the company’s stock continues to be actively traded on The Nasdaq Capital Market, and they plan to appoint a new independent director to the Audit Committee within the allowed timeframe.

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