Mar. 14 at 9:52 AM
$TIRX *
TIRX
The company has not given up on the listing, but the "uplist" or "reinstatement" process is now more difficult:
The Appeal: TIRX submitted its written views to the Nasdaq Hearings Panel by the March 10 deadline. They are fighting for reinstatement.
The Reverse Split (March 16): The 1-for-50 reverse split is still moving forward this coming Monday. The goal of this split is to get the price back above
$1.00 (and ideally above
$4.00) to prove to the Panel that they can maintain the minimum bid price requirement.
The Decision: If the Panel is satisfied with the post-split price and the company's new "Bitcoin Treasury" plan, they could theoretically allow the stock to move back from the OTC to Nasdaq. If the Panel denies the appeal, the delisting becomes permanent, and the SEC will file Form 25-NSE to finalize the removal.
