Barfresh regains Nasdaq compliance after convertible note issuance of $1.39M

BARFRESH FOOD GROUP INC.

Nasdaq notified Barfresh on Oct 27, 2023 it has regained compliance with minimum stockholders' equity rule (Listing Rule 5550(b)(1)).
Previously, on May 3, 2023, Barfresh was notified it failed to meet the $2.5M equity requirement; extension granted to Oct 30, 2023.
Company issued $1.39M in convertible notes; $1.207M converted into ~820,000 common shares, boosting equity.
Notes subscribed by CEO Riccardo Delle Coste and strategic investor Unibel SA.
Pro-forma balance sheet shows compliance as of Sept 30, 2023 and Oct 26, 2023.

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