Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

iFresh Granted Extension by NASDAQ to Regain Compliance with NASDAQ Listing Rule

GlobeNewswire Thursday, 13 June 2019
NEW YORK, June 13, 2019 (GLOBE NEWSWIRE) -- iFresh Inc. (Nasdaq:IFMK), a leading Asian/Chinese grocery supermarket chain on the east coast of U.S., announced today that it received notification from the Listing Qualifications department of The NASDAQ Stock Market, that the staff has determined to grant the Company an extension until July 30, 2019 to regain compliance with Listing Rule 5620(a) by holding an annual meeting of shareholders on or before that date. If the company does not satisfy these terms, NASDAQ will provide written notification to the Company that its securities will be delisted. At that time, the Company may appeal the determination to a NASDAQ Hearings Panel. The company has previously filed a definitive proxy statement to hold an annual meeting of the shareholders on July 30, 2019 and fully intends to hold the meeting by the due date, and otherwise remain in compliance with NASDAQ rules and regulations.*About iFresh Inc.*

iFresh Inc. (NASDAQ:IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With ten retail supermarkets along the US eastern seaboard (with additional stores in Miami and Connecticut opening soon), and two in-house wholesale businesses strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers. For more information, please visit: http://www.ifreshmarket.com/.

*For more information *on iFresh or its supermarkets, please visit *www.ifreshmarket.com*.

*Forward-Looking Statements *

This press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. For example, there can be no assurance that we will be able to maintain our listing on any NASDAQ market. Other factors that could cause actual results to differ materially from those contemplated within this press release can also be found in iFresh's Risk Factors disclosure in its Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on June 29, 2018, and in iFresh's other filings with the SEC. Forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements as a result of new information, events or circumstances or other factors arising or coming to our attention after the date hereof.

For more information, please contact:

iFresh, Inc.

Email: [email protected]
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related news from verified sources

Revolution Lighting Granted Extension to Remain Listed on Nasdaq

STAMFORD, Conn., July 10, 2019 (GLOBE NEWSWIRE) -- Revolution Lighting Technologies, Inc. (Nasdaq: RVLT) (“Revolution Lighting” or the “Company”), a...
GlobeNewswire

TDH Holdings, Inc. Receives Nasdaq Delisting Notification

TDH Holdings, Inc. Receives Nasdaq Delisting Notification
QINGDAO, China, July 13, 2019 /PRNewswire/ -- TDH Holdings, Inc. (NASDAQ: PETZ) ("TDH" or the "Company"), a PRC-based company that specializes in the...
PR Newswire Asia Also reported by •AccesswireGlobeNewswireBusiness Wire

Ritter Pharmaceuticals Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

*Ritter Shares Will Continue to Trade on the Nasdaq Capital Market*LOS ANGELES, July 11, 2019 (GLOBE NEWSWIRE) -- Ritter Pharmaceuticals, Inc. (Nasdaq: RTTR)...
GlobeNewswire Also reported by •Business Wire

Ascent Capital Group Announces Suspension From Nasdaq Effective July 12, 2019

ENGLEWOOD, Colo., July 11, 2019 (GLOBE NEWSWIRE) -- Ascent Capital Group, Inc. (“Ascent”) (NASDAQ: ASCMA) today announced that it has received notice from...
GlobeNewswire Also reported by •Business Wire

Other recent news in Press Releases

List of iPad, MacBook, Apple Watch & iPhone PRIME DAY Deals 2019: Top Apple Savings on Amazon Rounded Up by Consumer WalkTop Prime Day Roomba Deals for 2019: AMAZON’s Best Roomba 980, 960, 690, 890 & Robot Vacuum Deals Reviewed by Deal Stripe
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.