Above Food Ingredients Inc. announced on June 12, 2025, that it received the official compliance determination letter from NASDAQ. This letter confirmed that the company now meets full compliance and has satisfied all requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A), and 5450(a)(1).
The company regained compliance with Listing Rule 5450(b)(3)(C), regarding the minimum market value of its publicly held shares, on May 27, 2025. Additionally, compliance was achieved with Listing Rules 5450(a)(1) and 5810(c)(3)(A), concerning the minimum bid price of the company's shares, on May 23, 2025.
The achievement of full Nasdaq compliance allows Above Food to expedite the completion of its transformative strategic merger with Palm Global, accelerate its growth plans, and build on the success of its recent restructuring and strategic pivot. Lionel Kambeitz, Executive Chairman and CEO, stated that the company anticipates completing the merger in the coming days.
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