<a href="https://laohu8.com/S/NB">NioCorp Developments Ltd.</a> Regains Compliance with Nasdaq Audit Committee Requirements Following Director's Passing
NioCorp Developments Ltd. has addressed a regulatory issue following the passing of board member Michael Morris on July 20, 2025. Morris' death reduced the company's Audit Committee to two independent directors, leading to non-compliance with Nasdaq Listing Rule 5605(c)(2)$(A)$, which requires at least three independent directors. To rectify this, NioCorp appointed current director Dean Kehler to fill the vacancy and serve as the third independent member of the Audit Committee, effective immediately. This move is expected to bring the company back into compliance with Nasdaq's requirements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NioCorp Developments Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001539497-25-001956), on July 23, 2025, and is solely responsible for the information contained therein.
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