Agrify Regains Compliance With Nasdaq's Listing Requirements

Agrify Corporation AGFY has received written notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with Nasdaq’s minimum bid price listing requirement. The company has satisfied the terms for continued listing on the Nasdaq Capital Market by complying with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). Accordingly, Nasdaq has advised that the matter is now closed.

The company believes the completion of its reverse stock split and subsequent reattainment of compliance with Nasdaq’s listing requirements enables the company to potentially achieve several important corporate objectives, including but not limited to, the ability to augment Agrify’s visibility within the investment community, broaden its shareholder base, and meet certain security eligibility criteria for consideration for inclusion into market-wide and cannabis sector indices.

Q3 2022 Results Conference Call

The company will host a conference call to review its financial results for the third quarter ended September 30, 2022 on November 9, 2022 at 8:30 a.m. Eastern Time. The call will be hosted by Raymond Chang, CEO, and Timothy Oakes, CFO. The company will report its financial results for the third quarter in advance of the call.

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