The Real Good Food Company Announces Nasdaq Delisting
January 06 2025 - 11:00AM
The Real Good Food Company, Inc. (Nasdaq: RGF) (“Real Good Foods”
or the “Company ”), a leading health and wellness frozen and
refrigerated foods company, today announced that the Company
received a notice from The Nasdaq Stock Market LLC ("Nasdaq") that
it has determined to delist the Company's common stock on Nasdaq.
The delisting is a result of the Company's failure to demonstrate
compliance with Nasdaq Listing 5250(c)(1) for failure to file
periodic financial reports. Trading in the Company's common stock
on Nasdaq will be suspended on January 7, 2025. As a result of
the foregoing, the Company's common stock is expected to commence
trading on the Pink Open Market operated by the OTC Markets Group,
Inc. (“OTC”), which is commonly referred to as the “pink sheets,”
commencing on January 7, 2025. However, given the Company’s
situation with regards to the lack of timely filing, trading may
ultimately move to OTC’s “Expert Market,” where quotes for the
Company’s common stock will no longer be available for public
viewing.
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’s
mission is to provide “Real Food You Feel Good About Eating”,
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 – available
in over 16,000 stores nationwide with additional direct-to-consumer
options.
To learn more, please visit our website at
realgoodfoods.com or join us on social media @realgoodfoods – 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 commencement of trading by the
Company’s common stock on the Pink Open Market operated by the OTC
and the quoting of such common stock on the OTC’s “Expert
Market.” The Company has attempted to identify forward-looking
statements by using words such as “anticipate,” “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 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 or events, 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’s late
periodic reports and restated financial statements in amendments to
prior periodic reports, the discovery of additional information
regarding the errors identified in the Company’s previously issued
consolidated financial statements, the scope of the anticipated
restatement of previously issued financial statements as a result
of the errors, the remediation by management and the Company’s
independent registered public accounting firm of the identified
material weaknesses in internal control over financial reporting,
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 ContactThe Real Good Food
Company3 Executive Campus, Suite 155Cherry Hill, NJ
08002ir@realgoodfoods.com
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