Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)

May 24, 2024

https://www.globenewswire.com/news-release/2024/05/24/2888197/0/en/Adamas-One-Receives-Nasdaq-Notification-of-Non-Compliance-with-Listing-Rule-5250-c-1.html

SCOTTSDALE, Ariz., May 24, 2024 (GLOBE NEWSWIRE) — Adamas One Corp. (Nasdaq:JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, today reports that it has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the “Panel”) regarding its plan to regain compliance with (1) Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”); (2) Nasdaq Listing Rule 5250(f) (the “Fees Rule”); and (3) Nasdaq Listing Rule 5250(c)(1) (the “Filings Rule”).

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