Business
Above Food Ingredients Inc. Achieves Full Listing Compliance with NASDAQ
Regina, Saskatchewan--(Newsfile Corp. - June 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), is pleased to announce it has received the official compliance determination letter from NASDAQ confirming that the Company now meets full compliance and has satisfied all of the requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A) and 5450(a)(1).As referenced within our press release dated June 6, the Company regained compliance with listing Rule 5450(b)(3)(C), regarding
About this update from Above Food Ingredients Inc.
[{"type":"text","content":"Regina, Saskatchewan--(Newsfile Corp. - June 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), is pleased to announce it has received the official compliance determination letter from NASDAQ confirming that the Company now meets full compliance and has satisfied all of the requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A) and 5450(a)(1).","length":383,"tagName":"p"},{"type":"text","content":"As referenced within our press release dated June 6, the Company regained compliance with listing Rule 5450(b)(3)(C), regarding the minimum market value of its publicly held shares, on May 27, 2025. In addition, compliance was achieved with listing Rules 5450(a)(1) and 5810(c)(3)(A), regarding the minimum bid price of the Company's shares, on May 23, 2025.","length":362,"tagName":"p"},{"type":"text","content":"The receipt of NASDAQ's full compliance determination allows the Company to expedite the completion of its transformative strategic merger with Palm Global, accelerate its growth plans, and build on the success of its recent restructuring and strategic pivot.","length":263,"tagName":"p"},{"type":"text","content":"Lionel Kambeitz, Executive Chairman and CEO of Above Food, commented: "Achievement of full compliance marks a significant milestone as we continue to execute on our restructuring and ambitious growth plans. Following our recent restructuring and return towards profitability, regaining full compliance now allows us to execute on a number of key strategic objectives, including the completion of our transformational merger with Palm Global. We anticipate completing the merger in the coming days, marking a pivotal step in our mission to become a global leader in food, agritech, and fintech."","length":604,"tagName":"p"},{"type":"text","content":"Peter Knez, Chairman and CEO of Palm Global Technologies, commented: "Since beginning our journey with Above Food earlier this year, the Company has made significant strides, completing its restructuring, eliminating corporate debt and transitioning to profitability. With full NASDAQ compliance now secured and no further hurdles ahead, we eagerly anticipate finalizing the merger and leveraging our exceptional position to become a global leader in AI powered agri-tech, food-tech, and fintech markets."","length":515,"tag...