Real Good Food Company, Inc. (RGF) announced on Monday that their common stock is set to be delisted by Nasdaq. This decision follows the company's non-compliance with Nasdaq's listing requirements, specifically pertaining to the timely submission of periodic financial statements. Consequently, trading of RGF stock on Nasdaq will be suspended as of January 7, 2025. Post suspension, the stock will transition to the Pink Open Market, which is managed by OTC Markets Group. However, should the company persist with filing irregularities, its stock risks being relegated to the OTC's Expert Market, where public price quotations would not be accessible. At present, RGF shares are trading at $1.83, reflecting a decrease of 49.00% or $1.75 on Nasdaq.
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