On February 11, 2020, SITO Mobile, Ltd. received a written notification from the Listing Qualifications Staff of the Nasdaq Stock Market LLC notifying the Company that it fails to comply with Nasdaq Listing Rule 5550(b)(1) because the Company’s Form 10-Q for the period ended September 30, 2019 reported the Company’s stockholders’ equity fell below the required minimum of $2,500,000 and as of February 10, 2020, the Company does not meet the alternatives of market value of listed securities or net income from continuing operations standards for continued listing. As a result, SITO's stock (symbol SITO) was removed as a listing from Nasdaq and started trading on the OTC exchange under the ticker symbol "SITOQ".
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