Jeffs’ Brands Receives NASDAQ Minimum Bid Price Requirement Extension
Jeffs' Brands Ltd (JFBR)
Company Research
Source: GlobeNewswire
No Immediate Effect on Nasdaq Listing or Trading of the Company’s Ordinary Shares Tel Aviv, Israel, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced today that on October 23, 2024, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is eligible for an additional 180 calendar day period, or until April 21, 2025, to regain compliance with the Nasdaq's minimum $1 bid price per share requirement. The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on April 25, 2024, and was given until October 22, 2024 to regain compliance. The Company did not regain compliance with the minimum $1 bid price per share requirement during the first 180-calendar-day compliance period and submitted a
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JFBR
Sec Filings
- 11/15/24 - Form 6-K
- 11/8/24 - Form 6-K
- 10/25/24 - Form 6-K
- JFBR's page on the SEC website