Immersion Technology Company recently announced that it has received a staff determination letter from the Nasdaq Stock Exchange.

The letter indicates that the company is currently not fully compliant with the continued listing standards of the exchange. In response to this situation, Immersion Technology stated that it will promptly request a hearing and actively seek effective ways to maintain its listing qualification. According to relevant regulations, the company plans to submit a formal application to the Nasdaq Hearings Panel within the statutory time limit. This move aims to gain more time to restore compliance while conveying to the market the company’s firm commitment to safeguarding shareholders’ interests. The hearing process will provide the company with a full opportunity to present its case and demonstrate its specific plans for improving its operating conditions.