S&W Seed to delist from Nasdaq and deregister with SEC; obtains $1.2M loan at 18%

S&W Seed Co

Board approved voluntary delisting from Nasdaq; Form 25 to be filed ~July 24, delisting effective 10 days later.
Company also intends to file Form 15 on ~Aug 4 to suspend SEC reporting; deregistration expected 90 days after Form 25.
Company cites likely future non-compliance with Nasdaq listing rules and high costs/regulatory burdens; previously disclosed defaults and employee terminations.
Obtained $585,431 additional loan from Mountain Ridge (up to $1.198M total) at 18% interest, with $500,000 funding fee; secured by collateral.
No listing on another exchange; shares may trade on OTC Pink if a market maker sponsors.

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