This Cannabis Tech Company Receives Warning Letter From NASDAQ, Will It Be Delisted?
Portfolio Pulse from Joana Scopel
Agrify Corp. (NASDAQ:AGFY) received a warning letter from NASDAQ for not filing its first-quarter results on time, risking delisting if compliance is not regained. The company previously faced a similar warning for failing to file its full-year financial results. Agrify attributed the delay to accounting errors and is working to file its Form 10-Q within the prescribed period.
May 24, 2023 | 9:33 pm
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Agrify Corp. faces potential delisting from NASDAQ due to not filing its first-quarter results on time. The company is working to regain compliance and file its Form 10-Q within the prescribed period.
Agrify Corp. received a warning letter from NASDAQ for not filing its first-quarter results on time, which puts the company at risk of being delisted if compliance is not regained. This negative news may cause short-term downward pressure on the stock price as investors may be concerned about the company's financial reporting and potential delisting.
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