공시 • Aug 28
Grom Social Enterprises Receives Letter from the Nasdaq Staff, Indicating that Nasdaq Has Determined to Delist the Securities As previously reported, on February 29, 2024, Grom Social Enterprises, Inc. (the “Company”) received a letter from the staff (the “Nasdaq Staff”) of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that as the bid price for the Company’s listed securities closed at less than $1 per share for the previous 30 consecutive business days, the Company’s securities will be delisted from the Nasdaq Capital Market based upon the Company’s non-compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market (Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel”) by March 7, 2024. Also as previously reported, following the hearing, on April 15, 2024 the hearing panel granted the Company’s request for an exception with milestones based on the Company’s timeline that required the Company to effect a reverse stock split on or before August 13, 2024, and to demonstrate compliance with the Minimum Bid Price Requirement on or before August 27, 2024. The Company failed to effect the reverse split on August 13, 2024 and will be unable to evidence compliance with the Bid Price Rule for a minimum of ten consecutive trading sessions by the August 27, 2024 deadline. As a result, on August 15, 2024, the Company received a letter (the “Letter”) from the Nasdaq Staff, indicating that Nasdaq has determined to delist the securities of the Company (the “Decision”). The Company may request that the Nasdaq Listing and Hearing Review Council review this Decision by submitting a written request for review within 15 days. The Company did not request the Nasdaq Listing and Hearing Review Council to review the Decision. The Company’s securities were suspended from trading on Nasdaq on August 19, 2024 and have not traded on Nasdaq since that time. 공시 • Aug 16
Grom Social Enterprises, Inc. announced delayed 10-Q filing On 08/15/2024, Grom Social Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • Aug 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Rob Stevens was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • May 23
Grom Social Enterprises, Inc. Announces Redesigned Grom Social App, Debuting This Summer, to Feature Custom Avatars Offering Kids Tips on Responsible Social Media Behavior Utilizing Its Digital Citizenship License Course Grom Social Enterprises, Inc. announced that its redesigned Grom Social app - for kids under the age of 13, brand-safe and debuting this summer - will feature a new, updated version of Grom Educational's proprietary Digital Citizenship License (DCL) course, offered to schools nationwide, as part of the app's new offerings. The DCL mini-lessons will be delivered by custom avatars - which Grom calls Gromatars - that underscore how responsible behavior on social media and the internet is so vital to one's safety and security. The DCL Gromatars were announced by Grom's Founder, Zach Marks. Designed for kids under 13, who are typically barred from social media without parental consent, the new Grom app prompts users to create their own original social media profile avatar after a parent or caregiver signs a child up. Once parental consent is confirmed, the new user will be directed to create an original, custom social media profile avatar or "Gromatar" (no photos of kids are allowed). Each user can create their own profile image using the app's deep library of personalized assets including hairstyles, apparel, footwear, and other accessories. For the DCL content, Grom will create custom Gromatars that offer instructions on how to be respectful of one another while safeguarding privacy when using social media, and why bullying and inappropriate language are acceptable. The original Gromatars will be gradually introduced to Grom's feed this summer and be updated with new content and characters regularly. The new Gromatars are inspired by the Company's corporate sibling, Grom Educational Services, which offers the Digital Citizenship Licensing (DCL) course for K-12 school customers nationwide who utilize the company's NetSpective web filter solution. In schools, the DCL program is a series of instructional short-form videos, followed by a brief quiz to ensure student comprehension, and serves to complement in-classroom learning about internet and social media safety. The DCL also helps schools operate in compliance with the Children's Internet Safety Protection Act (CIPA), enacted by Congress in 2000 and designed to address concerns about children's access to illicit or harmful content. CIPA requires K-12 Schools and libraries to certify their Internet safety policies must include monitoring the online activities of minors, and as required by the Protecting Children in the 21st Century Act, it also provides for educating minors about appropriate online behavior, including interacting with other individuals on social networking websites and in chat rooms, as well as cyberbullying awareness and response to qualify for e-rate funding discounts. Grom Educational's Netspective Web Filter solution, proprietary web filtering software that safeguards students from objectionable material, along with the updated DCL course provides a complete package to help educators meet all CIPA requirements. Additionally, Grom Social Enterprises operates Grom Social, a monitored social media app for kids under 13 who are routinely barred from most social media without parental consent. 공시 • May 17
Grom Social Enterprises, Inc. announced delayed 10-Q filing On 05/15/2024, Grom Social Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 02
Grom Social Enterprises, Inc. announced delayed annual 10-K filing On 04/01/2024, Grom Social Enterprises, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 