AVAX ONE TECHNOLOGY LTD. (AVX): Nasdaq/NYSE listing notice — AgriForce receives Nasdaq delisting notice for bid price below $1; 180 days to regain compliance

AVAX ONE TECHNOLOGY LTD.

Nasdaq notified AgriForce that its common shares failed to maintain minimum $1 bid price for 30 consecutive business days.
Company has until Oct 23, 2023 to regain compliance by having closing bid price at least $1 for 10 consecutive business days.
If compliance not achieved, AgriForce may face delisting from Nasdaq Capital Market.
The delisting risk applies to both its common shares (AGRI) and Series A warrants (AGRIW).

Key facts

Extracted from this filing and checked against the source text.

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

AVAX ONE TECHNOLOGY LTD. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(C)

Exact text from the filing

April 24, 2023, AgriForce Growing Systems, Ltd. (the “Company”) received a letter from Nasdaq that it no longer complies with Rule 5550(a)(2) of Nasdaq’s Listing Rules (the “Rules”) which require listed securities to maintain a minimum bid price of $1 per share. Based upon the closing bid price for the last 30 consecutive business days (March 9, 2023 to April 21, 2023), the Company no longer meets this requirement. However, the Rules also provide the Company a compliance period of 180 calendar days (until October 23, 2023) in which to regain compliance. Pursuant to Rule 5810(c)(3)(C) if at any

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Source: SEC EDGAR

accession 0001493152-23-014078

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