The extension granted by NASDAQ to Adamas One Corp. to file its overdue financial statements by May 20th, 2024, is a positive development for the company. It provides Adamas One with additional time to regain compliance with NASDAQ's listing requirements, potentially averting a delisting scenario. This news is likely to be viewed positively by investors as it reduces the immediate risk of delisting, which can have negative implications for stock liquidity and investor perception. Therefore, this development could lead to a short-term positive impact on JEWL's stock price as it reflects regulatory relief and a step towards resolving its compliance issues.