other material
confidence high
sentiment negative
materiality 0.90
Leafly Holdings, Inc. /DE: Nasdaq/NYSE listing notice — Leafly receives Nasdaq delisting notice; stock to move to OTC Pink; convertible notes extended to July 2025
Leafly Holdings, Inc. /DE
- Nasdaq Hearings Panel determined to delist Leafly common stock and warrants; trading suspended Jan 17, 2025.
- Stock and warrants expected to trade on OTC Pink Open Market under symbols LFLY and LFLYW.
- Maturity of 8.00% convertible senior notes extended from Jan 31, 2025 to July 1, 2025.
- Company to prepay 12.5% of outstanding principal plus accrued interest on Jan 21, 2025; added covenants and security interest.
- Delisting due to failure to meet Nasdaq's net income continued listing standard; alternative compliance not achieved.