Rocky Mountain Chocolate Factory gets Nasdaq deficiency notice for low equity

Rocky Mountain Chocolate Factory, Inc.

Nasdaq notified RMCF that stockholders' equity of $9.018M is below the $10M minimum for continued listing on the Global Market.
Company has 45 days (until September 2, 2024) to submit a plan to regain compliance; Nasdaq may grant a 180-day extension.
Alternative quantitative standards (market value, revenue) were also not met as of the letter's date.
No immediate impact on trading; stock continues trading under symbol 'RMCF' on Nasdaq Global Market.
Company intends to take all reasonable measures to regain compliance but can't guarantee approval.

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