African Agriculture Holdings Inc.: Nasdaq/NYSE listing notice — African Agriculture receives Nasdaq bid price deficiency notice; 180 days to cure

African Agriculture Holdings Inc.

Nasdaq notified company on Mar 18, 2024 that average closing bid price was below $1 for 30 consecutive days.
Company has 180 calendar days to regain compliance with Nasdaq Rule 5450(a)(1).
Securities (AAGR, AAGRW) continue trading with non-compliance indicator on NASDAQ.com.
If not cured, Nasdaq may delist; company may appeal to a Hearings Panel.
Management is exploring options to regain bid price compliance within the grace period.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 1.0

African Agriculture Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

March 18, 2024, African Agriculture Holdings Inc. (the “Company”) received written notice from Nasdaq notifying it that the average closing bid price of the Company’s shares of common stock was below the minimum closing bid price of $1 per share during the last 30 consecutive trading days, as required for continued listing on the Nasdaq under Rule 5450(a)(1) of Nasdaq’s listing rules (the “Rules”). The notice has no immediate impact on the listing of the Company’s common stock and warrants, which will continue to be listed and trade on Nasdaq subject to the Company’s continued compliance with

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Source: SEC EDGAR

accession 0001213900-24-025134

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