TOFUTTI BRANDS INC (TOFB): Nasdaq/NYSE listing notice — Tofutti receives OTC Markets delisting notice for market cap below $5M

TOFUTTI BRANDS INC

On May 22, 2023, Tofutti received notice from OTC Markets that its market cap fell below $5M for 30 consecutive days, violating OTCQX continued listing rules.
The company has a 180-day cure period ending November 20, 2023 to regain compliance.
To regain compliance, market cap must stay at or above $5M for 10 consecutive trading days within the cure period.
Tofutti may also seek a transfer to the OTCQB market if compliance is not restored.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

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

TOFUTTI BRANDS INC received a otc deficiency notice notice regarding market value.

Exchange: otc
Notice: deficiency notice
Deficiency: market value

Exact text from the filing

May 22, 2023 the Registrant received a notice from the OTC Markets Group indicating that the Registrant no longer meets the Standards for Continued Qualification for the OTCQX U.S. tier as per the OTCX Rules for U.S. Companies (Version 8.6) section 3.2.b.2. Specifically, the Registrant’s market capitalization has stayed below $5 million for the past 30 consecutive calendar days. The Registrant has a cure period of 180 calendar days, expiring November 20, 2023, to regain compliance. In order to regain compliance, the Registrant’s market capitalization must stay at or above $5 million for 10 con

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Source: SEC EDGAR

accession 0001493152-23-019261

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