Leafly Announces Receipt of Notice of Delisting from Nasdaq and Transition to Over-The-Counter Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Source: Businesswire
Delisting from Nasdaq: Leafly Holdings, Inc. has been notified by the Nasdaq Hearings Panel that its common stock will be delisted due to failing to meet the minimum net income requirement, with trading suspended effective January 17, 2025, and transitioning to the OTC Pink Open Market.
Convertible Debt Extension: The company has reached an agreement to extend the maturity date of its convertible senior notes from January 31, 2025, to July 1, 2025, while also agreeing to pay down part of the principal and grant a first priority security interest in its assets.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
