Why Leafly (LFLY) Stock Is Down 49% Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Source: Benzinga
Delisting Notice: Leafly Holdings Inc. shares plummeted 49% to 73 cents after receiving a Nasdaq delisting notice due to failing to meet financial requirements, specifically $500,000 in net income from continuing operations.
Transition to OTC Market: The company's stock will be suspended from Nasdaq on January 17 and will begin trading on the OTC Pink Open Market under the same symbols, although continued trading is not guaranteed.
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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.
