STRYVE FOODS, INC.: Nasdaq/NYSE listing notice — Stryve Foods receives Nasdaq deficiency notice for equity below $2.5M

STRYVE FOODS, INC.

Nasdaq notified Stryve Foods on April 9, 2024 that stockholders' equity fell below the $2.5M minimum as of Dec 31, 2023.
Company has 45 days to submit a compliance plan; if accepted, Nasdaq may grant up to 180 days to regain compliance.
No immediate delisting effect, but failure to regain compliance could result in delisting.
Company intends to submit a plan, but no assurance of acceptance or ability to regain compliance.

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

STRYVE FOODS, 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

April 9, 2024, Stryve Foods, Inc. (the “Company”) received a deficiency letter from the Nasdaq Listing Qualifications Department indicating that the Company was not in compliance with Nasdaq’s Listing Rule 5550(b)(1) because the Company’s stockholders’ equity for the year ended December 31, 2023, as reported in the Company’s Form 10-K, was below the minimum stockholders’ equity requirement of $2,500,000 (the “Stockholders’ Equity Requirement”). The notice had no immediate effect on the Company’s continued listing on Nasdaq, subject to the Company’s compliance with the other continued listing r

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Source: SEC EDGAR

accession 0001493152-24-014454

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