share_log

8-K: Current report

SEC ·  Jun 29, 2024 04:34

Summary by Futu AI

AgriFORCE Growing Systems received a Staff Delisting Determination Letter from Nasdaq on June 24, 2024, due to non-compliance with listing requirements. The company's shares traded below $0.10 for ten consecutive trading days from June 6 to June 21, 2024, triggering the Low Priced Stocks Rule, following an earlier warning in January when shares fell below $1.The company plans to request a hearing before the Nasdaq Hearings Panel by July 1, 2024. This request will automatically stay any suspension or delisting action pending the hearing. The Panel has the authority to grant an extension until December 23, 2024, though there is no guarantee of continued listing compliance or extension approval.
AgriFORCE Growing Systems received a Staff Delisting Determination Letter from Nasdaq on June 24, 2024, due to non-compliance with listing requirements. The company's shares traded below $0.10 for ten consecutive trading days from June 6 to June 21, 2024, triggering the Low Priced Stocks Rule, following an earlier warning in January when shares fell below $1.The company plans to request a hearing before the Nasdaq Hearings Panel by July 1, 2024. This request will automatically stay any suspension or delisting action pending the hearing. The Panel has the authority to grant an extension until December 23, 2024, though there is no guarantee of continued listing compliance or extension approval.

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