Bruush Oral Care Inc. Faces Nasdaq Delisting Over Audit Committee Non-Compliance

VANCOUVER, BC - Bruush Oral Care Inc. (NASDAQ:BRSH), announced on April 19, 2024, its receipt of an additional notification from Nasdaq's Listing Qualifications Department. This notice informs of a non-compliance issue concerning the Nasdaq's audit committee requirements which poses a further risk of delisting the company's securities. A hearing is scheduled for April 25, 2024, where the company will present its plans to regain compliance.

The non-compliance issue surfaced following the resignation of a board member on April 12, 2023, which led to the company failing to meet Nasdaq's Audit Committee Requirements. Bruush was granted a period until April 12, 2024, to rectify the deficiency, a deadline now passed. The upcoming hearing will address this and other compliance failures, although the outcome remains uncertain. Earlier, on April 5, Bruush submitted a compliance plan to Nasdaq's Hearings Panel.