Village Farms International today announced an 80-calendar day extension to regain compliance with the minimum closing bid price of $1 per share listing requirement. The extension follows the expiration on April 16, 2025 of the initial 180-calendar day period to regain minimum closing bid price compliance. As a result, the company now has until October 13, 2025 to regain compliance.
The notification has no immediate effect on the listing of the company’s common shares on the Nasdaq Capital Market. During the new compliance Period, Village Farms common shares will continue to trade on the Nasdaq Capital Market. If at any time before October 13, 2025, the bid price of Village Farms’ common shares closes at or above $1 per share for a minimum of 10 consecutive business days, it is expected that Nasdaq would notify the company that it has regained compliance.
In the event the company does not regain compliance with the minimum bid requirement by October 13, 2025, it may be subject to delisting of the common shares from the Nasdaq Capital Market, at which time it may request a review of the delisting determination by a Nasdaq hearings panel.
