regulatory
confidence high
sentiment negative
materiality 0.85
LIFECORE BIOMEDICAL, INC. DE (LFCR): Nasdaq/NYSE listing notice — Lifecore receives Nasdaq delisting notice for failure to file FY 2023 10-K and Q1/Q2 10-Qs
LIFECORE BIOMEDICAL, INC. DE
- Nasdaq initiated delisting process on Feb 13, 2024 due to non-compliance with Listing Rule 5250(c)(1).
- Company has not filed Form 10-K for FY ended May 28, 2023 nor Q1 and Q2 10-Qs for 2023.
- Company intends to appeal before a Nasdaq Hearing Panel by Feb 20, 2024; hearing automates 15-day stay.
- Hearing typically scheduled 30-45 days after request; no assurance of further stay or compliance before hearing.
- Delinquent filings relate to a previously disclosed restatement for FY 2021, 2022 and other interim periods.