BuzzFeed, Inc. (BZFD): Nasdaq/NYSE listing notice — BuzzFeed gets Nasdaq delisting notice for audit committee; shareholders approve reverse split

BuzzFeed, Inc.

Nasdaq notified BuzzFeed on April 26, 2024 of noncompliance because audit committee has only 2 members after annual meeting.
Company has until April 25, 2025 to regain compliance by appointing a third audit committee member.
Stockholders approved a reverse stock split at a ratio between 1:2 and 1:25, effective within one year.
Gregory Coleman was elected as Class III director to a three-year term expiring 2027.
Stockholders ratified Deloitte & Touche as independent auditor for FY 2024.

item 3.01 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

BuzzFeed, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605(c)(2)(A)

Exact text from the filing

(the “ Nasdaq Staff ”) that, as a consequence of Mr. Kerins’ failure to seek re-election, following the 2024 Annual Meeting, the audit committee of the Company's board of directors would consist of two members and, as such, that the Company would no longer be in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires that the audit committees of listed companies have a minimum of three members that satisfy certain criteria for service on the committee (the “ Nasdaq Audit Committee Requirement ”). As discussed below in

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BuzzFeed, Inc. filing history →

Source: SEC EDGAR

accession 0001828972-24-000085

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