regulatory
confidence high
sentiment negative
materiality 0.85
STRYVE FOODS, INC.: Nasdaq/NYSE listing notice — Stryve Foods receives Nasdaq extension to regain minimum bid price compliance
STRYVE FOODS, INC.
- Nasdaq granted Stryve Foods a 180-day extension until July 31, 2023 to regain compliance with the $1.00 minimum bid price rule.
- To regain compliance, the Company's Class A common stock must close at $1.00 or more for at least 10 consecutive business days.
- If Stryve fails to comply by the deadline, Nasdaq will issue a delisting notice; the Company may appeal the decision.
- The Company clarified it did not acquire Quevos; former Chief Growth Officer Joe Oblas acquired Quevos, not Stryve Foods.