Rocky Mountain Chocolate Factory, Inc. (RMCF): Nasdaq/NYSE listing notice — RMCF notified by Nasdaq of non-compliance; stockholders' equity $9.834M vs $10M minimum

Rocky Mountain Chocolate Factory, Inc.

Received deficiency letter on Jan 21, 2025 for failing Nasdaq Global Market stockholders' equity rule ($10M minimum).
Stockholders' equity reported at $9.834M as of Nov 30, 2024; also failed alternative quantitative standards.
Has until March 7, 2025 to submit a compliance plan; Nasdaq may grant up to 180-day extension if plan accepted.
Common stock continues trading on Nasdaq under RMCF with no immediate delisting effect.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Rocky Mountain Chocolate Factory, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

January 21, 2025, Rocky Mountain Chocolate Factory, Inc. (the “Company”) received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) noti

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Rocky Mountain Chocolate Factory, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

to maintain stockholders’ equity of at least $10,000,000. The Company’s Quarterly Report on Form 10-Q for the period ended November 30, 2024 reported stockholders’ equity of $9,834,000. The Letter further noted that as of its date, the Company did not have a market value of listed securities of $50 million, a market value of publicly held shares of $15 million

View on SEC.gov

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Rocky Mountain Chocolate Factory, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-25-001909

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