CHERRY HILL, NJ, Aug. 28, 2024 (GLOBE NEWSWIRE) — The Real Good Food Company, Inc. (NASDAQ: RGF) (“Real Good Foods” or the “Company”), a leading frozen and refrigerated health and wellness foods company, announced that on August 26, 2024, it received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company no longer complies with Nasdaq Listing Rule 5250(c)(1) due to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Quarterly Report”) with the Securities and Exchange Commission.
Under Nasdaq listing rules, the company now has until September 10, 2024 to resubmit its plan to Nasdaq to restore compliance. If Nasdaq accepts the company’s plan, Nasdaq may grant an exemption of up to 180 calendar days from the due date of the company’s 2023 Annual Report on Form 10-K, with such extended 180-day period ending on October 14, 2024, to restore compliance.
This notice will not have an immediate impact on the listing of the Company’s securities on Nasdaq, but there can be no assurance that the Company will be able to restore compliance with the listing standards referred to above.
About Real Good Food Company
Real Good Foods (NASDAQ: RGF) is a leading frozen and refrigerated health and wellness company that offers you a better way to enjoy your favorite foods. The company’s mission is to provide “real food that makes you feel good about eating,” delicious, nutritious foods that are low in sugar, low in carbs and high in protein. Real Good Foods’ family of products includes breakfast, lunch, dinner and snacks – available in over 16,000 stores nationwide with additional direct-to-consumer options.
For more information, visit our website at realgoodfoods.com or follow us on social media at @realgoodfoods where we have one of the largest followings in the frozen food industry today.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that are subject to significant risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact included in this press release, including statements regarding projected financial results, the Company’s ability to increase production at its new facility, improve profitability and achieve its long-term growth objectives, the expected conclusion regarding the impact of the errors identified in the Company’s previously issued consolidated financial statements and the extent of the expected restatement of previously issued financial statements as a result of the error. The Company has attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “could,” “plan,” “predict,” “project,” “should,” “will” or “would” and similar expressions or the negative of such expressions.
Forward-looking statements represent management’s current expectations and predictions about trends affecting the Company’s business and industry and are based on information available at the time the statements are made. Although the Company does not make forward-looking statements unless it believes it has a reasonable basis to do so, it cannot guarantee their accuracy or completeness. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by the forward-looking statements. Some of the risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the risk of further delays in the filing of restated financial statements, the discovery of additional information regarding the error and other risk factors described in the “Risk Factors” section of its Annual Report on Form 10-K for the year ended December 31, 2022 and other documents that the Company files with or provides to the Securities and Exchange Commission from time to time. These forward-looking statements speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to publicly announce the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.
Investor Relations Contact
The Real Good Food Company
3 Executive Campus, Suite 155
Cherry Hill, NJ 08002
[email protected]
