 In conjunction with this investment, CTI intends to execute an amendment with its bank to modify its credit facility and has submitted its first plan to regain compliance with continued listing standards to Nasdaq. On January 3, 2020, CTI entered into an agreement to sell up to 5 million of convertible preferred stock to a new strategic investor. The most notable conditions are a change in the Companys name from CTI Industries Corporation to Yunhong CTI Ltd., as well as shareholder approval of the transaction. 