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AgriFORCE Growing | 8-K: Current report

SEC announcement ·  Jan 12 13:00
Summary by Futu AI
AgriFORCE Growing Systems, Ltd. has been notified by Nasdaq on January 8, 2024, that it is not in compliance with the Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The notice was based on the company's stock trading below this threshold for the last 30 consecutive business days, from November 21, 2023, to January 5, 2024. AgriFORCE has been granted a 180-day period, until July 8, 2024, to regain compliance with the minimum bid price requirement. The company will achieve compliance if its stock's closing bid price reaches at least $1 for ten consecutive business days within this period. If AgriFORCE fails to meet the requirement by the deadline, it may be granted additional time or face the risk of being delisted from the Nasdaq Capital Market.
AgriFORCE Growing Systems, Ltd. has been notified by Nasdaq on January 8, 2024, that it is not in compliance with the Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1 per share. The notice was based on the company's stock trading below this threshold for the last 30 consecutive business days, from November 21, 2023, to January 5, 2024. AgriFORCE has been granted a 180-day period, until July 8, 2024, to regain compliance with the minimum bid price requirement. The company will achieve compliance if its stock's closing bid price reaches at least $1 for ten consecutive business days within this period. If AgriFORCE fails to meet the requirement by the deadline, it may be granted additional time or face the risk of being delisted from the Nasdaq Capital Market.
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