On the risk of delisting of Class A ordinary shares of DallasNews Corporation (DALN)

The International Trading System Limited (ITS) hereby informs on the delisting risk of Class A ordinary shares of DallasNews Corporation (ISIN US2350501019, Shares) from The NASDAQ Stock Market LLC (hereinafter - Nasdaq).

Information on the delisting risk of ordinary shares by Nasdaq

On November 25, 2024 DallasNews Corporation (the Company) submitted a current report on Form 8-K to The United States Securities and Exchange Commission. According to this report, on November 19, 2024, the Company received a written notice from Nasdaq notifying the Company that it was not in compliance with the minimum stockholders’ equity requirement set forth in Nasdaq Listing Rule 5550(b)(1), and with the alternative standards based on market value of listed securities or net income from continuing operations.

Unless the Company timely appeals the Nasdaq’s determination of its failure to comply with the applicable listing rules, trading of the Company’s Shares will be suspended without additional prior notice and Nasdaq will remove the Company’s securities from listing. The Company intends to request a hearing to appeal the Nasdaq’s determination. In such case the Company’s Shares will continue trading on Nasdaq pending the determination of the hearings panel.

Information regarding possible actions to be taken by ITS Ltd.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. outlining how trading in these qualified investments will be carried out.