Agrify (AGFY) has released an update to notify the public and investors about listing compliance status.
Agrify Corporation, after reporting negative stockholders’ equity, was notified of non-compliance with Nasdaq’s minimum equity requirement. The company requested and was granted a hearing, during which it remedied another delisting issue related to late filings. The Nasdaq Hearings Panel has given Agrify Corporation until April 15, 2024, to meet the equity requirement, but there is no certainty that the company will regain compliance or maintain its listing, with potential negative consequences for stock liquidity and capital raising if delisted.
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For a comprehensive understanding of the announcement, you can read the full document here.
