Reported On October 20; On October 17, 2023, Agrify Received Nasdaq Staff Determination Of Non-Compliance With Listing Rule 5250(c)(1); Agrify Intends To Timely Request A Hearing Before A Nasdaq Hearings Panel
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Agrify Corporation (NASDAQ:AGFY) has received a letter from Nasdaq stating that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to not filing all required periodic financial reports with the SEC. This could result in the delisting of Agrify's securities from Nasdaq. Agrify intends to request a hearing before a Nasdaq Hearings Panel. The non-compliance is due to Agrify not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and the Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2023 and June 30, 2023.
October 23, 2023 | 4:33 pm
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Agrify Corporation is at risk of being delisted from Nasdaq due to non-compliance with listing rules. The company has not filed required periodic financial reports with the SEC.
The news of potential delisting from Nasdaq due to non-compliance with listing rules is a significant negative development for Agrify Corporation. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
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