Fresh2 Group Ltd. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq
22 Abril 2024 - 9:00AM
Fresh2 Group Ltd. (NASDAQ: FRES) (“
Fresh2” or the
“
Company”), a B2B e-commerce and supply chain
management company within the restaurant and food industry, today
announced that on April 18, 2024, it received a delinquency
compliance alert notice from the Listing Qualifications Department
of The Nasdaq Stock Market LLC (“
Nasdaq”) advising the
Company that due to the Company’s failure to timely file its Annual
Report on Form 10-K for the fiscal year ended December 31, 2023,
with the Securities and Exchange Commission (the “
SEC”), the
Company is not in compliance with Nasdaq’s continued listing
requirements under Nasdaq Listing Rule 5250(c)(1) (the
“
Rule”), which requires the timely filing of all required
periodic reports with the SEC.
Nasdaq provided the Company 60 days to submit a
plan to regain compliance with the Rule (the “Plan”).
The Company intends to submit its plan of compliance to Nasdaq by
June 17, 2024. If Nasdaq accepts the Plan, the Company may be
granted an extension of 180 calendar days from the due date of the
Form 10-K, or until October 14, 2024, to regain compliance with the
Rule. In the event the Plan is not accepted by Nasdaq, the Company
may appeal that decision to a Hearings Panel.
About Fresh2 Group Limited
Fresh2 Group Limited is engaged in the
business-to-business e-commerce and supply chain sectors. Committed
to helping restaurants lower procurement costs and improve
efficiency, Fresh2 utilizes an advanced supply chain management
system. By applying strategic digital technologies and innovative
business models, Fresh2 is driving the online transformation of the
restaurant supply industry. Fresh2 aims to refine restaurant
operations, adding significant value to the food industry, and
building a global network of restaurateurs in the digital age. For
more information, visit: https://fresh2.co/investors.
For investor and media inquiries, please
contact:
Xiaoyu LiPhone: +1- 917 397 6890Email:
fayeli@fresh2.co
Safe Harbor Statement
This announcement contains forward-looking
statements as defined under Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934,
formulated in accordance with the 'safe harbor' provisions of the
Private Securities Litigation Reform Act of 1995. These statements,
reflecting the Company's projections about its future financial and
operational performance, employ terms like 'believes,' 'estimates,'
'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,'
'potential,' 'target,' 'aim,' 'predict,' 'outlook,' 'seek,' 'goal,'
'objective,' 'assume,' 'contemplate,' 'continue,' 'positioned,'
'forecast,' 'likely,' 'may,' 'could,' 'might,' 'will,' 'should,'
'approximately,' and similar expressions to convey the uncertainty
of future events or outcomes. These forward-looking statements are
based on the Company's current expectations, assumptions, and
projections, involving judgments about future economic conditions,
competitive landscapes, market dynamics, and business decisions,
many of which are inherently challenging to predict accurately and
are largely beyond the Company's control. Additionally, these
statements are subject to a multitude of known and unknown risks,
uncertainties, and other variables that could significantly diverge
the Company's actual results from those depicted in any
forward-looking statement. These factors include, but are not
limited to, varying economic conditions, competitive pressures, and
regulatory changes. Because of these and other risks, uncertainties
and assumptions, undue reliance should not be placed on these
forward-looking statements. In addition, these statements speak
only as of the date of this press release and, except as may be
required by law, the Company undertakes no obligation to revise or
update publicly any forward-looking statements for any reason.
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