KSPN

Kaspien Holdings Inc. Announces Voluntary Delisting from the OTCQB and Deregistration Under the Securities Act

Retrieved on: 
Monday, December 18, 2023
Kaspien, Wind, Bankruptcy, KSPN, OTCQB

As a result, the Company expects the delisting of its common stock to become effective on or about January 8, 2024.

Key Points: 
  • As a result, the Company expects the delisting of its common stock to become effective on or about January 8, 2024.
  • The Company also will be taking steps to deregister as a public company under the Securities Exchange Act of 1934.
  • The Company expects that the actions to wind down the operations will be substantially completed by May 1, 2024.
  • The Company intends to wind down its operations in an orderly manner without the need for a bankruptcy filing.

Kaspien Holdings Inc. Announces Voluntary Delisting from The Nasdaq Capital Market

Retrieved on: 
Monday, May 22, 2023
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SPOKANE, Wash., May 22, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from The Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about June 1, 2023.

Key Points: 
  • SPOKANE, Wash., May 22, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today notified The Nasdaq Stock Market LLC ("Nasdaq") of the Company's decision to voluntarily delist its common stock from The Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") on or about June 1, 2023.
  • As a result, the Company expects the delisting of its common stock to become effective on or about June 12, 2023.
  • After careful evaluation of the options available to the Company, the Company's board of directors (the "Board") has determined that the voluntary delisting of the Company's common stock from The Nasdaq Capital Market is in the best interests of the Company and its stockholders.
  • In addition, the Board believes a delisting provides the Company and its stockholders lower operating costs and management time commitment for compliance activities.

Kaspien Holdings Inc. Reports Fiscal Fourth Quarter And Full Year 2022 Results

Retrieved on: 
Friday, April 28, 2023
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SPOKANE, Wash., April 28, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal fourth quarter and full year ended January 28, 2023.

Key Points: 
  • SPOKANE, Wash., April 28, 2023 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal fourth quarter and full year ended January 28, 2023.
  • Results compare 2022 fiscal fourth quarter ended January 28, 2023 to 2021 fiscal fourth quarter ended January 29, 2022 unless otherwise indicated.
  • Inventory at quarter end was $26.9 million, compared to $29.3 million as of January 29, 2022.
  • Results compare the fiscal year ended January 28, 2023 to the fiscal year ended January 29, 2022 unless otherwise indicated.

Kaspien Holdings Inc. Reports Fiscal Third Quarter 2022 Results

Retrieved on: 
Tuesday, December 13, 2022
KSPN, Target, Walmart, Software, EBITDA, GAAP, Kaspien, EBay, Bookkeeping, Amazon

Loss from operations totaled $9.8 million compared to a loss from operations of $4.3 million in the comparable year-ago period.

Key Points: 
  • Loss from operations totaled $9.8 million compared to a loss from operations of $4.3 million in the comparable year-ago period.
  • Net loss was $12.4 million, compared to a net loss of $2.2 million in the comparable year-ago period.
  • Adjusted EBITDA loss (a non-GAAP metric reconciled below) was $8.9 million, compared to a loss of $3.2 million in the comparable year-ago period.
  • Through innovative strategies and best-in-class technologies, Kaspien has earned the trust of many leading brands, including 3M, Strider Bikes, and ZippyPaws.

Kaspien Holdings Inc. Set to Release Fiscal Third Quarter 2022 Financial Results on Tuesday, December 13, 2022

Retrieved on: 
Wednesday, December 7, 2022
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SPOKANE, Wash., Dec. 7, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"),a leading e-commerce marketplace growth platform, will issue a press release including its financial results and business outlook as well as additional corporate updates.

Key Points: 
  • SPOKANE, Wash., Dec. 7, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"),a leading e-commerce marketplace growth platform, will issue a press release including its financial results and business outlook as well as additional corporate updates.
  • The Company also plans to file its quarterly Form 10-Q on the same day.
  • The release and filing will be made available via the Investor Relations section of Kaspien's website .
  • Through innovative strategies and best-in-class technologies, Kaspien has earned the trust of many leading brands, including 3M, Strider Bikes, and ZippyPaws.

Kaspien Holdings Inc. Reports Fiscal Second Quarter 2022 Results

Retrieved on: 
Tuesday, September 13, 2022
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SPOKANE, Wash., Sept. 13, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal second quarter ended July 30, 2022.

Key Points: 
  • SPOKANE, Wash., Sept. 13, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal second quarter ended July 30, 2022.
  • On July 14, 2022, the Company closed on an equity offering.
  • As part of these initiatives, a reduction in force was implemented during the second quarter of fiscal 2022.
  • said Kaspien interim CEO Brock Kowalchuk
    Results compare 2022 fiscal second quarter ended July 30, 2022 to 2021 fiscal second quarter ended July 31, 2021 unless otherwise indicated.

Kaspien Holdings, Inc. Set to Release Fiscal Second Quarter 2022 Financial Results on Tuesday, September 13, 2022

Retrieved on: 
Wednesday, September 7, 2022
EBay, KSPN, Software, Target, Efficiency, Walmart, File, Investor relations, Company, NASDAQ, Online shopping, Kaspien, Amazon

SPOKANE, Wash., Sept. 7, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"),a leading e-commerce marketplace growth platform, will issue a press release including its financial results and business outlook as well as additional corporate updates.

Key Points: 
  • SPOKANE, Wash., Sept. 7, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (NASDAQ: KSPN) ("Kaspien" or the "Company"),a leading e-commerce marketplace growth platform, will issue a press release including its financial results and business outlook as well as additional corporate updates.
  • The Company also plans to file its quarterly Form 10-Q on the same day.
  • The release and filing will be made available via the Investor Relations section of Kaspien's website .
  • Through innovative strategies and best-in-class technologies, Kaspien has earned the trust of many leading brands, including 3M, Strider Bikes, and ZippyPaws.

Kaspien Holdings Inc. Announces Closing of $8 Million Registered Direct and Private Placement Offerings Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Thursday, July 14, 2022
SEC, Attention, Exclusive, KSPN, Marketing, Security (finance), Securities Act of 1933, Sale, U.S. Securities and Exchange Commission, FBA, Sixth Avenue, Communication, Company, Risk, Special-purpose acquisition company, Form, COVID-19, Phrase, SEC filing, EBay, Private Securities Litigation Reform Act, Target, Walmart, Prospectus, Growth, Exercise, Telephone, The Company, NASDAQ, Risk management, Amazon, Nasdaq, Kaspien

SPOKANE, Wash., July 14, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (or the "Company") (NASDAQ: KSPN), a leading e-commerce marketplace growth platform, today announced the closing of its previously announced registered direct offering and concurrent private placement with a single institutional investor priced at-the-market under Nasdaq rules.

Key Points: 
  • SPOKANE, Wash., July 14, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (or the "Company") (NASDAQ: KSPN), a leading e-commerce marketplace growth platform, today announced the closing of its previously announced registered direct offering and concurrent private placement with a single institutional investor priced at-the-market under Nasdaq rules.
  • The Company issued 638,978 shares of its common stock at a purchase price of $3.13 per share (or pre-funded warrant in lieu thereof) in the registered direct offering.
  • The aggregate gross proceeds to the Company of both offerings were approximately $8 million.
  • Aegis Capital Corp. acted as the Exclusive Placement Agent for the Offerings.

Kaspien Holdings Inc. Announces Pricing of $8 Million Registered Direct and Private Placement Offerings Priced At-the-Market Under Nasdaq Rules

Retrieved on: 
Tuesday, July 12, 2022
SEC, Attention, Exclusive, KSPN, Marketing, Security (finance), Securities Act of 1933, Sale, U.S. Securities and Exchange Commission, FBA, Sixth Avenue, Communication, Company, Risk, Special-purpose acquisition company, Form, COVID-19, Phrase, SEC filing, EBay, Private Securities Litigation Reform Act, Target, Walmart, Prospectus, Growth, Exercise, Telephone, The Company, NASDAQ, Risk management, Amazon, Nasdaq, Kaspien

The aggregate gross proceeds to the Company of both offerings are expected to be approximately $8 million.

Key Points: 
  • The aggregate gross proceeds to the Company of both offerings are expected to be approximately $8 million.
  • The offerings are expected to close on or about July 14, 2022, subject to the satisfaction of customary closing conditions.
  • Aegis Capital Corp. is acting as the Exclusive Placement Agent for the Offerings.
  • This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Kaspien Holdings Inc. Reports Fiscal First Quarter 2022 Results

Retrieved on: 
Tuesday, June 14, 2022
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SPOKANE, Wash., June 14, 2022 /PRNewswire/ -- Kaspien Holdings Inc. (Nasdaq: KSPN) ("Kaspien" or the "Company"), a leading e-commerce marketplace growth platform, today reported financial results for the fiscal first quarter ended April 30, 2022.

Key Points: 
  • Inventory at quarter end was $32.3 million, compared to $22.6 million as of May 1, 2021.
  • Unless otherwise specified, KPI data has been recorded as of fiscal first quarter (April 30, 2022).
  • Fiscal first quarter 2022 Gross Merchandise Value ("GMV") was $69.7 million as compared to $63.4 million in the comparable year-ago period.
  • Kaspien plans to file its quarterly Form 10-Q today, June 14, 2022, in accordance with SEC filing deadlines.