Above Food Ingredients Inc. announced on March 26, 2025, that it received a staff determination notice on February 25, 2025, from The Nasdaq Stock Market LLC. The notice indicated non-compliance with Nasdaq Listing Rule 5250(c)(2) due to a delay in filing its Form 6-K for the period ended July 31, 2024.
The company stated that the filing of this 6-K was delayed to accommodate the positive impacts expected from its recently announced strategic restructuring and successful fundraise on its financial reporting and outlook. Nasdaq rules grant the company 60 calendar days from receipt of the notice to submit a plan to regain compliance.
Above Food intends to use a portion of the proceeds from its recently announced financing to complete the filing of the Form 6-K within the 60-day period. The company also stated that the notice has no immediate effect on the listing of its common shares on the Nasdaq Capital Market.
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