Sow Good Inc. announced on May 14, 2025, that it received a notification from the Nasdaq Stock Market indicating non-compliance with the minimum bid price requirement of $1.00 per share, as per Nasdaq Listing Rule 5550(a)(2). The company's stock has been trading below this threshold for 30 consecutive business days. To address this, Sow Good Inc. plans to monitor its stock price closely and is considering options such as a reverse stock split. Stockholders will vote on a proposed amendment to enable a 1-for-3 reverse stock split at the upcoming Annual Meeting on June 13, 2025. The company has until November 10, 2025, to regain compliance, with the possibility of an additional 180-day extension. Failure to comply may result in delisting, although the company can appeal such decisions.
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