I do not think any contracts were specifically waiting on UL at all, especially since the certification was completed a couple months ago they just needed stickers. The only thing that changed for ZBB is they were probably able to ship a couple million in revenue for the quarter that was contingent on UL, which means they probably will not need to dilute this quarter. Wouldn't shock me to almost see a break even to profitable quarter for this quarter then a reversion back for a few quarters of losing money. Buys us some time with no dilution though, which is a good thing.
They better do something quick. The SEC won't let them continue on the NASDAQ for very long if they can't get the price over $1.00 and hold there. They will either end up, over the counter or with a reverse split.