Agrify Receives Extended Stay Of Suspension From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Agrify Corporation (NASDAQ:AGFY), a provider of cultivation and extraction solutions for the cannabis industry, has received an extended stay of suspension from Nasdaq. The company was notified of a potential delisting due to non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports. Agrify has not filed its Annual Report for the fiscal year ended December 31, 2022, and the Quarterly Reports for the fiscal quarters ended March 31, 2023, and June 30, 2023. The company plans to complete and file the delinquent reports.
November 08, 2023 | 10:41 pm
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Agrify Corporation's stock suspension from Nasdaq has been extended due to non-compliance with listing rules. The company is yet to file its Annual and Quarterly Reports for specific periods.
Agrify Corporation's failure to comply with Nasdaq's listing rules, specifically the timely filing of financial reports, has led to an extended suspension of its stock. This could negatively impact investor confidence and potentially lead to a decrease in the company's stock price in the short term.
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