Agrify Receives Extended Stay of Suspension from Nasdaq
TROY, Mich., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that on November 6, 2023 it received a letter from the Hearings Panel (the “Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying Agrify that the stay of suspension for Agrify’s common stock will be extended until a hearing before the Panel and issuance of a final Panel decision.
- TROY, Mich., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Agrify Corporation (Nasdaq: AGFY) (“Agrify”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that on November 6, 2023 it received a letter from the Hearings Panel (the “Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying Agrify that the stay of suspension for Agrify’s common stock will be extended until a hearing before the Panel and issuance of a final Panel decision.
- The Staff Determination had no immediate effect and will not immediately result in the suspension of trading or delisting of Agrify’s shares of common stock.
- Agrify filed amended Forms 10-Q on October 2, 2023 with the required restated financial statements.
- There can be no assurance that Agrify will be able to file the Delinquent Reports within the extension period granted by the Panel.