---
schema_version: "secwatch.filing_event.v1"
accession: "0001723580-24-000004"
form_type: "8-K"
ticker: null
cik: "0001723580"
company_name: "BurgerFi International, Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:36:55.362726+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BurgerFi receives Nasdaq notice for non-compliance with minimum bid price rule

## Summary
- Received Nasdaq notice on Jan 23, 2024, for failing to maintain minimum bid price of $1.00 per share.
- Common stock bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 days, until July 22, 2024, to regain compliance by closing at or above $1.00 for 10 consecutive days.
- If not compliant, may transfer to Nasdaq Capital Market for additional 180-day period, subject to other requirements.
- Intends to monitor bid price and seek compliance; delisting possible if not cured.

## SEC filing metadata
- accession: 0001723580-24-000004
- form_type: 8-K
- cik: 0001723580
- company_name: BurgerFi International, Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000004/0001723580-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000004/bfi-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723580-24-000004
- JSON: https://secwatch.observer/filing/0001723580-24-000004.json
- Plain text: https://secwatch.observer/filing/0001723580-24-000004.txt

## Key facts
- Listing & Compliance Notices
  BurgerFi International, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1), 5810(c)(3)(A)
  source text: January 23, 2024, BurgerFi International, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules 5450(a)(1) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid price req
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723580/000172358024000004/0001723580-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.