secwatch.observer — SEC 8-K summary
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Issuer:     Leafly Holdings, Inc. /DE (—)
CIK:        0001785592
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0000950170-25-006032
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 3.01, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leafly receives Nasdaq delisting notice; stock to move to OTC Pink; convertible notes extended to July 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785592/000095017025006032/0000950170-25-006032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785592/000095017025006032/lfly-20250115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-006032

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