secwatch.observer — SEC 8-K summary
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Issuer:     Leafly Holdings, Inc. /DE (—)
CIK:        0001785592
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000950170-23-018830
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Leafly receives Nasdaq delisting notice for bid price noncompliance; plans reverse stock split
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- Received Nasdaq delisting notice on May 2, 2023 for failing to maintain minimum $1.00 bid price.
- Company requested hearing on May 8, 2023; hearing stays delisting pending outcome.
- Plans to seek shareholder approval for reverse stock split at upcoming annual meeting to regain compliance.
- Previously disclosed market value deficiency resolved by transferring to Nasdaq Capital Market on April 21, 2023.
- No assurances of success; if bid price not cured, common stock may be delisted from Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785592/000095017023018830/0000950170-23-018830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785592/000095017023018830/lfly-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-018830

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