secwatch.observer — SEC 8-K summary
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Issuer:     Leafly Holdings, Inc. /DE (—)
CIK:        0001785592
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001785592-22-000008
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Leafly receives Nasdaq deficiency notices for market value and bid price; faces delisting risk
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785592/000178559222000008/0001785592-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785592/000178559222000008/lfly-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001785592-22-000008

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