RMCF believes it regained Nasdaq minimum equity compliance after $2.1875M stock sale

Rocky Mountain Chocolate Factory, Inc.

Sold 1,250,000 common shares for $2,187,500 on Aug. 7, 2024, bringing equity above $10M threshold.
Previously reported stockholders' equity of $9,018,000 as of May 31, 2024, below Nasdaq's $10M requirement.
Nasdaq to monitor ongoing compliance; delisting possible if not evidenced at next periodic report.
Company received deficiency letter on July 19, 2024, and was given until Sept. 2, 2024 to submit a plan.

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