Know Labs Responds to NYSE Commencement of Proceedings to Delist
30 Janvier 2025 - 3:00PM
Business Wire
Know Labs Trading as “KNWN” on the OTC
Market
Know Labs, Inc. (NYSE American: KNW), a pioneering leader in the
development and application of radio frequency dielectric
spectroscopy (RFDS), announced today it is working on certain
curative actions to regain compliance to maintain its listing and
appeal the NYSE's determination to delist its common stock to the
Listings Qualifications Panel of the Exchange. The company's stock
will be suspended from trading on the NYSE American during this
time. NYSE Regulation is commencing delisting proceedings in
connection with its determination, announced today, that the
Company is no longer suitable for listing pursuant to Section
1003(f)(v) of the NYSE American Company Guide due to the bid price
falling under $.10.
In the interim, effective January 29, 2025, FINRA’s Department
of Market Operations has assigned the symbol "KNWN" for quotation
and trading of the Company’s stock in the over-the-counter market
(OTC Markets).
Know Labs’s CEO, Ron Erickson, stated, "It is unfortunate that
Know Labs is having to contend with this at a time when it is has
just initiated a licensing program of its platform technology,
continued to receive peer reviewed recognition of our work,
successfully reduced overhead, and continued to advance our
proprietary technology. We continue to believe the Company has a
bright future and the actions of NYSE will in no way deter our
commitment to strengthen our relationships with our shareholders
and all our stakeholders in order to advance the Company's business
plan and increase shareholder value. We remain steadfast in our
goal to deliver non-invasive diagnostics to the marketplace with a
first focus on blood glucose monitoring. As we work through this
process with the NYSE, we want to thank shareholders and
stakeholders for their support."
About Know Labs, Inc.
Know Labs, Inc. is a platform technology that uses radio
frequency spectroscopy to direct electromagnetic energy through a
substance or material to capture a unique molecular signature. The
technology is designed to be able to integrate into a variety of
wearable, mobile or bench-top form factors. The Company believes
that this patented and patent-pending technology makes it possible
to effectively identify and monitor analytes that could only
previously be performed by invasive and/or expensive and
time-consuming lab-based tests. Among the Company’s first expected
applications of the technology will be in a product marketed as a
non-invasive glucose monitor. The device is designed to provide the
user with accessible and affordable real-time information on blood
glucose levels. This product will require U.S. Food and Drug
Administration (FDA) clearance prior to its introduction to the
market. Other products, developed through KTL may not require such
prior FDA approval.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of Know Labs, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy; and (iv) performance of
products. You can identify these statements by the use of the words
“may,” “will,” “could,” “should,” “would,” “plans,” “expects,”
“anticipates,” “continue,” “estimate,” “project,” “intend,”
“likely,” “forecast,” “probable,” “potential,” and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond Know
Labs, Inc.’s ability to control, and actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. These risks and uncertainties also
include such additional risk factors as are discussed in the
Company’s filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended
September 30, 2024, Forms 10-Q and 8-K, and in other filings we
make with the Securities and Exchange Commission from time to time.
These documents are available on the SEC Filings section of the
Investor Relations section of our website at www.knowlabs.co. The
Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made.
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version on businesswire.com: https://www.businesswire.com/news/home/20250130890455/en/
Know Labs, Inc. Contact:
Investor Relations T: 206-903-1351 ask@knowlabs.co
Know Labs (AMEX:KNW)
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