Leafly Holdings, Inc. /DE: Nasdaq/NYSE listing notice — Leafly receives Nasdaq deficiency notices for market value and bid price; faces delisting risk

Leafly Holdings, Inc. /DE

On Oct 28, 2022, Nasdaq notified Leafly its market value of listed securities fell below $50M, violating Listing Rule 5450(b)(2)(A).
On Nov 2, 2022, Nasdaq notified Leafly its common stock bid price closed below $1.00 for 30 consecutive business days.
Company has until April 26, 2023 to regain market value compliance and until May 1, 2023 to regain bid price compliance.
Failure to cure could lead to delisting; company may transfer to Nasdaq Capital Market if eligible.
Company intends to monitor and consider options to regain compliance, but no assurance of success.

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 0.95

Leafly Holdings, Inc. /DE received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

November 2, 2022, the Company received a letter from the Staff providing notification that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the $1.00 per share minimum bid price requirement for continued listing under Nasdaq Listing Rule 5450(a)(1). The notice has no immediate effect on the listing of the Company’s common stock or warrants, and its common stock and warrants will continue to trade on The Nasdaq Global Market under the symbol “LFLY” and “LFLYW,” respectively. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Co

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Leafly Holdings, Inc. /DE received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(A), 5450(b)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5450(b)

Exact text from the filing

October 28, 2022 , Leafly Holdings, Inc. (the “Company”) received a letter from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) providing notification that the Company no longer complies with the $50 million in market value of listed securities standard for continued listing on the Nasdaq Global Market under Nasdaq’s Listing Rule 5450(b)(2)(A) and that the Company also does not comply with either of the two alternative standards of Listing Rule 5450(b), the equity standard and the total assets and total revenue standard. The notice has no immediate effect on the listing of th

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Source: SEC EDGAR

accession 0001785592-22-000008

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