Agriforce Growing Systems Faces Delisting Concerns
Ticker: AVX · Form: 8-K · Filed: Aug 5, 2024 · CIK: 1826397
| Field | Detail |
|---|---|
| Company | Agriforce Growing Systems Ltd. (AVX) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $1 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, financials
Related Tickers: AGRI
TL;DR
AGRI might be delisted, filing shows listing rule issues.
AI Summary
Agriforce Growing Systems Ltd. filed an 8-K on August 5, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The earliest event reported was August 1, 2024. The company is incorporated in British Columbia and its principal executive offices are located in Vancouver, Canada.
Why It Matters
This filing indicates potential issues with Agriforce's continued listing on an exchange, which could impact its stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and investor confidence.
Key Players & Entities
- AGRIFORCE GROWING SYSTEMS LTD. (company) — Registrant
- August 1, 2024 (date) — Earliest event reported
- August 5, 2024 (date) — Date of report
- Vancouver, BC, Canada (location) — Principal executive offices
FAQ
What specific listing rule or standard has Agriforce Growing Systems Ltd. failed to satisfy?
The filing states a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule or standard in the provided text.
What is the earliest event date reported in this 8-K filing?
The earliest event reported is August 1, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on August 5, 2024.
Where are Agriforce Growing Systems Ltd.'s principal executive offices located?
The principal executive offices are located at 800-525 West 8th Avenue, Vancouver, BC, Canada, V5Z 1C6.
What are the two main items reported in this Form 8-K?
The two main items reported are 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' and 'Financial Statements and Exhibits'.
Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 14.6 · Accepted 2024-08-05 16:30:38
Key Financial Figures
- $0.10 — es had a per share closing bid price of $0.10 or less for ten consecutive trading day
- $1 — stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten
Filing Documents
- form8-k.htm (8-K) — 44KB
- 0001493152-24-030256.txt ( ) — 256KB
- agri-20240801.xsd (EX-101.SCH) — 4KB
- agri-20240801_def.xml (EX-101.DEF) — 26KB
- agri-20240801_lab.xml (EX-101.LAB) — 36KB
- agri-20240801_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 5, 2024 AGRIFORCE GROWING SYSTEMS, LTD. By: /s/ Jolie Kahn Jolie Kahn Chief Executive Officer