The company should not be on the Nasdaq unless it has secured supply agreements, have a backlog and can reliably project revenue/have forward guidance. I'd say look at indie Semiconductor as a template for how our company should look like. They have a huge backlog to work through and can issue quarterly guidance no problem. If you're on the Nasdaq and you can't do that you're done.
In the coming days and weeks we should get more customer engagement announcements or design wins (Mika at AGM, around 1 hour 20 min mark), Nov 2nd warrants out of the way, those things will validate the company's tech and remove some selling pressure, respectively. IF institutions can't bring themselves to write us a check on the open market when design wins roll in then we are absolutely not ready for the Nasdaq.