LCFY - Locafy gets Nasdaq letter on failure to maintain minimum stockholders' equity requirement
2023-03-27 10:48:50 ET
- Technology company Locafy ( NASDAQ: LCFY ) said on Monday that it has received a Nasdaq letter over a failure to maintain the stock exchange's minimum stockholders' equity required for continued listing.
- The company reported stockholders' equity of ~$845,407 in its recent quarterly earnings report, which falls short of the stockholders' equity requirement of a minimum of $2.5M.
- Locafy has a period of 45 calendar days, or until May 5, to submit a plan to regain compliance with the requirement.
- If the plan is accepted, the stock exchange may grant to the company an extension of up to 180 calendar days to regain compliance.
- Source: Press Release
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Locafy gets Nasdaq letter on failure to maintain minimum stockholders' equity requirement