Upexi to File Form 10-K on November 1st and Regains Compliance With Nasdaq Minimum Bid Price Rule
Upexi to File Form 10-K on November 1st and Regains Compliance With Nasdaq Minimum Bid Price Rule
TAMPA, FL / ACCESSWIRE / October 23, 2024 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a multi-faceted Amazon and Direct-to-Consumer ("DTC") brand owner and innovator in aggregation, received a Non Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") due to the Company's failure to timely file its Form 10-K Annual Report for the period ended June 30, 2024, in violation of Nasdaq Listing Rule 5250(c)(1). The Company failed to timely file due to circumstances beyond its control, and intends to file its Form 10-K Annual Report on or before Friday, November 1, 2024.
在2024年10月23日,致富金融(臨時代碼)(NASDAQ:UPXI)(以下簡稱"公司"或"致富金融(臨時代碼)"),一家多元化的亞馬遜和直銷消費(「DTC」)品牌所有者和創新者,在集合方面收到了納斯達克證券交易所("納斯達克")發來的一封《不合規函》。這是因爲公司未能及時提交截至2024年6月30日的第10-k年度報告,違反了納斯達克上市規則5250(c)(1)。公司未能及時提交是由於某些公司無法控制的情況,並計劃在2024年11月1日或之前提交第10-k年度報告。
In addition, on October 17, 2024, the Company received written notice (the "Compliance Notice") from Nasdaq informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires that companies listed on the Nasdaq Stock Market maintain a minimum bid price of $1.00 per share. Nasdaq notified the Company in the Compliance Notice that, from October 3, 2024 to October 16, 2024, the closing bid price of the Company's common stock had been $1.00 per share or greater and, accordingly, the Company had regained compliance with Nasdaq Listing Rule 5550(a)(2) and that the matter was now closed.
此外,於2024年10月17日,公司收到了來自納斯達克的書面通知(「合規通知」),通知公司已恢復符合納斯達克上市規則5550(a)(2),該規則要求在納斯達克證券交易所上市的公司維持每股最低買賣價爲1.00美元。納斯達克在合規通知中通知公司,從2024年10月3日到2024年10月16日,公司普通股的收盤買盤價每股爲1.00美元或更高,因此,公司已恢復符合納斯達克上市規則5550(a)(2),此事宜已結案。
About Upexi, Inc.:
關於Upexi,Inc.:
Upexi is a multi-faceted brand owner with established brands in the health, wellness, pet, beauty, and other growing markets. We operate in emerging industries with high growth trends and look to drive organic growth of our current brands. We focus on direct to consumer and Amazon brands that are scalable and have anticipated, high industry growth trends. Our goal is to continue to accumulate consumer data and build out a significant customer database across all industries we sell into. The growth of our current database has been key to the year over year gains in sales and profits. To drive additional growth, we have and will continue to acquire profitable Amazon and eCommerce businesses that can scale quickly and reduce costs through corporate synergies.
Upexi是一個多方面品牌擁有者,在健康、養生、寵物、美容和其他增長市場中擁有成熟的品牌。我們致力於開拓新興高增長行業,推動當前品牌的有機增長。我們專注於直銷和亞馬遜品牌,這些品牌具備可擴展性,並預期呈現高增長趨勢。我們的目標是繼續積累消費者數據,並在我們銷售的所有板塊中建立重要的客戶數據庫。目前數據庫的增長對銷售和利潤的同比增長起到了關鍵作用。爲了進一步的增長,我們已經並將繼續收購能夠快速擴展並通過企業協同效應降低成本的盈利亞馬遜和電子商務企業。
FORWARD LOOKING STATEMENTS:
前瞻性聲明:
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
本新聞發佈包含作爲《1933年美國證券法》第27A條和《1934年證券交易法》第21E條所定義的「前瞻性陳述」。本新聞稿中未純粹歷史的陳述屬於前瞻性陳述,包括與未來信仰、計劃、期望或意圖有關的任何陳述。由於多種因素,實際結果可能與任何前瞻性陳述中預測的結果不同。這些因素包括業務策略、潛在收購、營業收入指南、產品開發、收購公司和人員的融合和協同作用等固有的不確定性。這些前瞻性陳述是根據本新聞發佈日發佈的,我們不承擔更新前瞻性陳述或更新實際結果可能不同於前瞻性陳述中預測結果的原因的義務。儘管我們認爲本新聞發佈中包含的信仰、計劃、期望和意圖是合理的,但不能保證這些信仰、計劃、期望或意圖會證明是準確的。投資者應諮詢本文中提供的所有信息,並參考我們的年度10-K報告中概述的風險因素披露以及不時提交給證券交易委員會的其他定期報告。
Company Contact
Andrew Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591
公司聯繫
Marcia Novero
Innodata Inc.
Mnovero@innodata.com
(201) 371-8015
首席財務官Andrew Norstrud
電子郵件:andrew.norstrud@upexi.com
電話:(702)332-5591
Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254
投資者關係聯繫人
KCSA戰略傳播
Valter Pinto, 董事總經理
電子郵件:Upexi@KCSA.com
電話:(212)896-1254
SOURCE: Upexi, Inc.
消息來源:Upexi, Inc.