Village Farms International, Inc. VFF received notification from the Nasdaq Stock Market LLC citing that it is not in compliance with the minimum bid price requirement – NASDAQ Listing Rule – as the bid price for the company’s common shares closed below $1 from Sept. 6, 2024, to Oct. 17, 2024.
The controlled-environment agriculture company has 180 days or until April 16, 2025 to regain compliance.
During the compliance period, Village Farms common shares will continue to trade on the Nasdaq Capital Market.
If the company can successfully increase its stock price above $1.00 for 10 consecutive days, it may regain compliance. Then, if Village Farms does not meet the minimum bid requirement by April 16, 2025, it could qualify for an extra 180-day period to achieve compliance or face delisting from the Nasdaq Capital Market. In this scenario, the company would have the option to appeal the delisting decision to a Nasdaq…
