BARFRESH FOOD GROUP INC. (BRFH): Nasdaq/NYSE listing notice — Barfresh Food Group receives Nasdaq non-compliance letter for minimum equity requirement

BARFRESH FOOD GROUP INC.

Nasdaq notified BRFH it failed minimum $2.5M stockholders' equity requirement; reported $1.845M as of March 31, 2023.
Company has 45 calendar days, until June 19, 2023, to submit a compliance plan to Nasdaq.
If plan accepted, Nasdaq may grant up to 180 days (until October 30, 2023) to regain compliance.
Failure to regain compliance could lead to delisting; company intends to take all reasonable measures.

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 0.9

BARFRESH FOOD GROUP INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 3, 2023, the Company received a letter from Nasdaq indicating that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on The Nasdaq Stock Market to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. In its quarterly report on Form 10-Q for the period ended March 31, 2023, the Company reported stockholders’ equity of $1,845,000, and, as a result, does not currently satisfy Listing Rule 5550(b)(1). Nasdaq’s letter has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and tr

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Source: SEC EDGAR

accession 0001493152-23-015588

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