The Real Good Food Company Receives Anticipated Additional Delinquency Notice from Nasdaq
The Real Good Food Company (Nasdaq: RGF) has received a notice from Nasdaq regarding its failure to timely file Form 10-Q for the period ended September 30, 2024. This serves as an additional basis for potential delisting from Nasdaq. The company has presented its plan to file all delinquent periodic reports at a hearing before the Nasdaq Hearings Panel, which has not yet issued its decision. There is no guarantee that RGF will regain compliance or receive a further extension for continued listing.
La Real Good Food Company (Nasdaq: RGF) ha ricevuto una comunicazione da Nasdaq riguardo al mancato invio tempestivo del modulo 10-Q per il periodo conclusosi il 30 settembre 2024. Questo rappresenta una base aggiuntiva per un potenziale delisting da Nasdaq. La societ脿 ha presentato il proprio piano per inviare tutti i report periodici in ritardo durante un'udienza davanti al Nasdaq Hearings Panel, che non ha ancora emesso la sua decisione. Non c'猫 alcuna garanzia che RGF ripristiner脿 la conformit脿 o ricever脿 un ulteriore proroga per la continuazione della quotazione.
La Real Good Food Company (Nasdaq: RGF) ha recibido un aviso de Nasdaq por no haber presentado a tiempo el formulario 10-Q para el per铆odo que finaliz贸 el 30 de septiembre de 2024. Esto sirve como una base adicional para un posible deslistado de Nasdaq. La compa帽铆a ha presentado su plan para presentar todos los informes peri贸dicos atrasados en una audiencia ante el Nasdaq Hearings Panel, que a煤n no ha emitido su decisi贸n. No hay garant铆a de que RGF volver谩 a cumplir con los requisitos o recibir谩 una extensi贸n adicional para continuar en la lista.
毽柤 甑� 響鸽摐 旎错嵓雼�(Nasdaq: RGF)電� 2024雲� 9鞗� 30鞚茧 膦呺霅� 旮瓣皠鞐� 雽�頃� 10-Q 鞏戩嫕鞚� 鞝滊晫 鞝滌稖頃橃 氇豁暅 瓴冴臣 甏�霠晿鞐� Nasdaq鞙茧攵�韯� 韱奠毳� 氚涭晿鞀惦媹雼�. 鞚措姅 Nasdaq鞐愳劀鞚� 靸侅灔 韽愳 臧�電レ劚鞚� 鞙勴暅 於旉皜鞝侅澑 攴缄卑搿� 鞛戩毄頃╇媹雼�. 須岇偓電� 氇摖 鞐办泊霅� 鞝曣赴 氤搓碃靹滊ゼ 鞝滌稖頃橁赴 鞙勴暅 瓿勴殟鞚� Nasdaq 觳 鞙勳洂須� 鞎烄棎靹� 氚滍憸頃橃榾鞀惦媹雼�, 攴鸽煬雮� 鞎勳 瓴办爼鞚� 雮措牑歆�歆� 鞎婌晿鞀惦媹雼�. RGF臧� 攴滌爼鞚� 欷�靾橅晿瓿� 歆�靻嶌爜鞚� 靸侅灔鞚� 鞙勴暅 於旉皜 鞐办灔鞚� 氚涭潉 瓴冹澊霛茧姅 氤挫灔鞚� 鞐嗢姷雼堧嫟.
La Real Good Food Company (Nasdaq: RGF) a re莽u un avis de Nasdaq concernant son incapacit茅 脿 d茅poser 脿 temps le formulaire 10-Q pour la p茅riode se terminant le 30 septembre 2024. Ceci sert de base suppl茅mentaire pour un 茅ventuel retrait de la cote de Nasdaq. La soci茅t茅 a pr茅sent茅 son plan pour d茅poser tous les rapports p茅riodiques en retard lors d'une audience devant le Nasdaq Hearings Panel, qui n'a pas encore rendu sa d茅cision. Il n'y a aucune garantie que RGF retrouvera la conformit茅 ou recevra une nouvelle prolongation pour rester cot茅.
Die Real Good Food Company (Nasdaq: RGF) hat eine Mitteilung von Nasdaq erhalten, die sich auf die versp盲tete Einreichung des Formulars 10-Q f眉r den Zeitraum zum 30. September 2024 bezieht. Dies dient als zus盲tzliche Grundlage f眉r eine m枚gliche Delistung von Nasdaq. Das Unternehmen hat seinen Plan vorgestellt, alle versp盲teten regelm盲脽igen Berichte einzureichen in einer Anh枚rung vor dem Nasdaq Hearings Panel, das noch keine Entscheidung getroffen hat. Es gibt keine Garantie, dass RGF die Compliance wiederherstellen oder eine weitere Verl盲ngerung f眉r die Fortsetzung der Listung erhalten wird.
- None.
- Risk of delisting from Nasdaq due to failure to file Form 10-Q
- Multiple delinquent periodic reports pending with SEC
- Uncertainty regarding compliance with listing requirements
Insights
This delinquency notice from Nasdaq represents a serious compliance issue that threatens RGF's listing status. The company's failure to file its Q3 2024 Form 10-Q adds to existing filing deficiencies, creating a compounded risk of delisting. With a market cap of just
The pending Panel decision on the company's compliance plan is a critical inflection point. Historical precedent shows that while Nasdaq may grant extensions for filing delinquencies, multiple violations significantly increase delisting risk. The lack of financial transparency through missing filings raises red flags about potential underlying issues and makes proper valuation impossible for investors.
CHERRY HILL, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: RGF) (鈥淩eal Good Foods鈥� or the 鈥淐ompany鈥�), a leading health and wellness frozen and refrigerated foods company, announced today that, on November 20, 2024, the Listing Qualifications Staff of The Nasdaq Stock Market LLC (鈥淣asdaq鈥�) notified the Company that the Company鈥檚 failure to timely file its Form 10-Q with the Securities and Exchange Commission (the 鈥淪EC鈥�), for the period ended September 30, 2024, serves as an additional basis for the delisting of the Company鈥檚 securities from Nasdaq, per Nasdaq Listing Rule 5250(c)(1). The Company previously presented its plan to file all delinquent periodic reports with the SEC, including the Form 10-Q for the period ended September 30, 2024, and requested an extension to do so at a hearing before the Nasdaq Hearings Panel (the 鈥淧anel鈥�). The Panel has not yet issued its decision following the hearing.
Despite the efforts described above, there can be no assurance that the Company will ultimately regain compliance with all applicable requirements for continued listing or that the Panel will grant the Company a further extension.
About Real Good Food Company
Real Good Foods (Nasdaq: RGF) is a leading health and wellness frozen and refrigerated foods company, providing a better way to enjoy your favorite foods. The Company鈥檚 mission is to provide 鈥淩eal Food You Feel Good About Eating鈥�, making delicious, nutritious foods that are low in sugar, low in carbohydrates and high in protein. The Real Good Foods family of products includes breakfast, lunch, dinner, and snacks 鈥� available in over 16,000 stores nationwide with additional direct-to-consumer options.
To learn more, please visit our website at or join us on social media @realgoodfoods 鈥� where we maintain some of the largest followings in the frozen food industry today.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this press release, including statements regarding the timing of the filing of Company鈥檚 late periodic reports and amendments to prior periodic reports, the Company鈥檚 plan to request a hearing to appeal its delisting determination by Nasdaq, and the Company鈥檚 plan to request various extension periods to regain compliance with the Listing Rule. The Company has attempted to identify forward-looking statements by using words such as 鈥渁nticipate,鈥� "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions.
Forward-looking statements represent management's current expectations and predictions about trends affecting the Company鈥檚 business and industry and are based on information available as of the time such statements are made. Although the Company does not make forward-looking statements unless it believes it has a reasonable basis for doing so, it cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause its actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that may cause its actual results to materially differ from those expressed or implied by these forward-looking statements, including the risk of further delays in the filing of the Company鈥檚 late periodic reports and restated financial statements in amendments to prior periodic reports, the discovery of additional information regarding the error identified in the Company鈥檚 previously issued consolidated financial statements, the scope of the anticipated restatement of previously issued financial statements as a result of the error, the remediation by management and the Company鈥檚 independent registered public accounting firm of the identified material weaknesses in internal control over financial reporting, the Panel鈥檚 determination following the Company鈥檚 appeal of its delisting decision, the Panel鈥檚 decision whether or not to grant the Company various extension periods following the submission of a hearing request to regain compliance with the Listing Rule, the Company鈥檚 ability to regain compliance with the Listing Rule and other continued listing standards and other risk factors described in the section entitled "Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2022 and other documents filed with or furnished to the SEC by the Company from time to time. These forward-looking statements speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.
Investor Relations Contact
The Real Good Food Company
3 Executive Campus, Suite 155
Cherry Hill, NJ 08002
FAQ
Why did Nasdaq issue a delinquency notice to Real Good Foods (RGF) in November 2024?
What is the current listing status of Real Good Foods (RGF) on Nasdaq?
What steps has Real Good Foods (RGF) taken to maintain its Nasdaq listing in 2024?
