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

AVAX ONE TECHNOLOGY LTD.

Received Nasdaq letter on Jan 8, 2024 for failure to maintain minimum $1 bid price over 30 consecutive business days.
Has 180-day compliance period until July 8, 2024; can regain if closing bid price is at least $1 for 10 consecutive days.
If compliance not met by deadline, company may be eligible for additional time or face delisting.

item 3.01 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

AVAX ONE TECHNOLOGY LTD. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

January 8, 2024, 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 (November 21, 2023 to January 5, 2024), the Company no longer meets this requirement. However, the Rules also provide the Company a compliance period of 180 calendar days (until July 8, 2024) in which to regain compliance. Pursuant to Rule 5810(c)(3)(C) if at a

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AVAX ONE TECHNOLOGY LTD. filing history →

Source: SEC EDGAR

accession 0001493152-24-002235

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