Announcement • Sep 27
African Agriculture Holdings Inc.(OTCPK:AAGR) dropped from NASDAQ Composite Index African Agriculture, Inc. has been removed from Nasdaq Composite Index. Announcement • May 18
African Agriculture Holdings Inc. announced delayed 10-Q filing On 05/16/2024, African Agriculture Holdings Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 14
African Agriculture Holdings Inc. Receives Non-Compliance Letter Regarding Nasdaq Listing Rule 5550(a)(5) On May 7, 2024, African Agriculture Holdings Inc. (the Company") received written notice from Nasdaq notifying it that, for the 30 consecutive business days prior to the date of the Letter, the Company's Market Value of Publicly Held Shares (MVPHS") was below the minimum of $1 million required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(5). The notice has no immediate impact on the listing of the Company's common stock and warrants, which will continue to be listed and trade on Nasdaq subject to the Company's continued compliance with the other listing requirements of the Nasdaq Listing Rules. The Company's securities will have an added indicator on NASDAQ.com indicating that it is non-compliant. In accordance with Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendar days, or until November 3, 2024, to regain compliance. The Letter notes that to regain compliance, the Company's MVPHS must close at or above $1 million for a minimum of ten consecutive business days during the compliance period. The Company intends to actively monitor the Company's MVPHS between now and November 3, 2024, and may, if appropriate, evaluate available options to resolve the deficiency and regain compliance with the MVPHS requirement. While the Company is exercising diligent efforts to maintain the listing of its securities on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards. In the event the Company does not evidence compliance with the MVPHS requirement during the 180-day grace period, it is expected that Nasdaq would notify the Company that its securities are subject to delisting. At such time, the Company may appeal such determination to a Nasdaq Hearings Panel (the Panel") and it is expected that the Company's securities would continue to be listed and available to trade on Nasdaq at least pending the completion of the appeal process. There can be no assurance that any such appeal would be successful or that the Company would be able to evidence compliance with the terms of any extension that may be granted by the Panel. 
