Edible Garden AG Inc (EDBL): Nasdaq/NYSE listing notice — Edible Garden receives Nasdaq noncompliance notice for insufficient publicly held shares after reverse split

Edible Garden AG Inc

As of Jan 26, 2023 after 30-for-1 reverse split, publicly held shares fell below Nasdaq minimum of 500,000.
Nasdaq letter dated Jan 27, 2023; company must submit compliance plan by March 13, 2023.
No immediate impact on listing; company intends to complete a public offering to regain compliance.
If plan not accepted, Nasdaq will issue delisting notice subject to appeal to a hearings panel.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Edible Garden AG Inc received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5550(a)(4)

Exact text from the filing

January 27, 2023, Edible Garden AG Incorporated (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) regarding compliance with Nasdaq Listing Rule 5550(a)(4) (the “Rule”) which requires the Company to have a minimum of 500,000 publicly held shares. The letter from Nasdaq indicated that according to its calculations, as of January 26, 2023, the date that the Company effected a 30-for-1 reverse split of its common stock, the Company no longer meets the requirements of the Rule. This notice of noncompliance has no immediate impact on th

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Edible Garden AG Inc filing history →

Source: SEC EDGAR

accession 0001477932-23-000643

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