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Adamas One Corp. (NASDAQ: JEWL) is a pioneering high-tech diamond company specializing in the production of high-quality, single-crystal diamonds through its proprietary Chemical Vapor Deposition (CVD) process, known as Diamond Technology. Operating as a Lab-Grown Diamond manufacturer, Adamas One Corp. produces diamonds for both gemstone and industrial applications.
The company's advanced CVD process, originally developed by Apollo Diamond, enables it to produce gem-sized Lab-Grown Diamond crystals. This method allows for the controlled manufacturing of high-quality, high-purity, and high-volume single-crystal diamonds that are colorless, near-colorless, and fancy-colored. These diamonds cater to a variety of applications, from fine jewelry to industrial uses.
Adamas One Corp. has made significant strides in research and development, recently achieving the successful creation of colorless diamonds, a testament to their ongoing efforts to refine white diamond recipes. The company operates a state-of-the-art facility in Greenville, South Carolina, where it leverages its 36 patents and proprietary technology to grow both large and small diamond crystals.
Committed to transparency and communication with its stakeholders, Adamas One Corp. has partnered with the Webull Corporate Connect Service. This collaboration aims to provide real-time updates, important announcements, and relevant content such as news, earnings reports, investor presentations, and industry snapshots. The Webull platform further enhances accessibility by offering tools like level 2 quotes, after-hours trading, and educational services.
In addition to its jewelry-focused operations, Adamas One Corp. recently announced the formation of its subsidiary, Adamas Technologies. This new venture will focus on the deployment of Lab-Grown Diamond-based solutions in the technology industry, particularly in semiconductor devices. Lab-Grown Diamonds' exceptional thermal conductivity and durability make them ideal for such applications. The company views this as a significant opportunity to address the increasing demand in the semiconductor sector.
Under the leadership of CEO Jay Grdina and COO Gerald McGuire, Adamas One Corp. continues to innovate and expand its market presence. With its commitment to producing near-flawless single-crystal diamonds and its strategic move into the technology sector, the company is well-positioned to capitalize on the growing demand for Lab-Grown Diamonds across various industries.
Adamas One Corp. (Nasdaq: JEWL), a lab-grown diamond company, received a Nasdaq notification of non-compliance with Listing Rule 5250(c)(1) on August 21, 2024. This is due to the company's failure to file its Q2 2024 10-Q report. The notification serves as an additional basis for potential delisting from Nasdaq. Previously, on June 07, 2024, Adamas received a decision letter from the Nasdaq Hearings Panel granting continued listing subject to two conditions: curing filing delinquencies by July 29, 2024, and demonstrating a closing bid price of $1 or more for 10 consecutive trading sessions by August 30, 2024. The company plans to present a compliance plan to Nasdaq but cannot guarantee it will regain compliance or maintain its Nasdaq listing.
Adamas One Corp. (Nasdaq: JEWL) has received a notification from Nasdaq regarding non-compliance with listing rules. The issues arise from the company's failure to meet the Minimum Bid Price Rule, Fees Rule, and Filings Rule, specifically for not filing its Quarterly Report for Q1 2024. A hearing is scheduled for May 30, 2024, where Adamas One will present a plan to regain compliance. There is no guarantee that Nasdaq will approve the plan or that Adamas One will meet the necessary requirements to avoid delisting.
Adamas One Corp. (Nasdaq: JEWL) faces non-compliance issues with Nasdaq listing rules, including failure to pay annual listing fee and late filing of required reports. The company has a hearing scheduled to address these issues and present a plan for compliance. Non-compliance could lead to delisting of securities, with uncertainty regarding the outcome.
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