ATIS Attis Industries Inc

On October 8, 2019, Attis Industries Inc. (the “Company”) received a letter (the “Letter”) from the staff of The Nasdaq Capital Market (the “Exchange”) indicating that the Company is not in compliance with the Exchange’s continued listing requirements, under the continued listing criteria, as set forth in Nasdaq Listing Rule 5550 (a)(2), as a result of the Company’s minimum bid price falling below $1.00 per share for a period of thirty (30) consecutive business days. The notification had no immediate effect on the listing or trading of the common stock on the Nasdaq Capital Market.

The Letter informed the Company that Nasdaq Listing Rule 581(c)(3)(A) provides a compliance period of 180 days in which the Company may regain compliance. If at any time during this 180-day period the closing bid price of the Company’s security is at least $1.00 for a minimum of ten (10) consecutive business days, the Exchange will provide the Company with written confirmation of compliance and the matter will be closed. This compliance period expires on April 6, 2020, but the Company may be eligible for additional time in the event that the Company does not regain compliance in the initial 180-day period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other continued listing standards for the Exchange with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.