Steakholder Foods Regains Nasdaq Bid Price Compliance
Ticker: MTTCF · Form: 6-K · Filed: Apr 19, 2024 · CIK: 1828098
| Field | Detail |
|---|---|
| Company | Steakholder Foods LTD. (MTTCF) |
| Form Type | 6-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: compliance, listing, stock-price
TL;DR
Steakholder Foods back in Nasdaq's good graces, stock price is safe for now.
AI Summary
On April 19, 2024, Steakholder Foods Ltd. announced it has regained compliance with the Nasdaq minimum bid price requirement. This means the company's stock price has met the exchange's threshold, avoiding potential delisting.
Why It Matters
Regaining compliance with the Nasdaq minimum bid price requirement is crucial for Steakholder Foods to maintain its listing on the exchange, which is important for investor confidence and stock liquidity.
Risk Assessment
Risk Level: medium — While regaining compliance is positive, the company's ability to sustain the minimum bid price and its overall financial health remain key factors.
Key Players & Entities
- Steakholder Foods Ltd. (company) — The company filing the report and announcing compliance.
- Nasdaq (company) — The stock exchange whose minimum bid price requirement was met.
- April 19, 2024 (date) — The date of the press release announcing compliance.
FAQ
What specific Nasdaq minimum bid price requirement did Steakholder Foods Ltd. regain compliance with?
The filing states the company regained compliance with the Nasdaq minimum bid price requirement, which typically refers to maintaining a bid price of at least $1.00 per share.
What was the previous concern regarding Steakholder Foods' stock price?
The company was previously at risk of non-compliance with Nasdaq's minimum bid price rule, which could have led to delisting.
When was the announcement of regaining compliance made?
The announcement was made on April 19, 2024, via a press release attached as Exhibit 99.1 to the Form 6-K filing.
What is the significance of regaining compliance for Steakholder Foods Ltd.?
Regaining compliance ensures that Steakholder Foods Ltd. can maintain its listing on the Nasdaq stock exchange, preventing potential delisting.
What is Steakholder Foods Ltd.'s former company name?
Steakholder Foods Ltd. was formerly known as MeaTech 3D Ltd. and Meat-Tech 3D Ltd.
Filing Stats: 265 words · 1 min read · ~1 pages · Grade level 10.3 · Accepted 2024-04-19 08:00:14
Filing Documents
- ea0204168-6k_steakhold.htm (6-K) — 13KB
- ea020416801ex99-1_steakhold.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-034264.txt ( ) — 30KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF APRIL 2024 COMMISSION FILE NUMBER 001-40173 Steakholder Foods Ltd. (Translation of registrant’s name into English) Steakholder Foods Ltd. 5 David Fikes St., Rehovot 7632805 Israel +972-73-541-2206 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F Form 40-F DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K On April 19, 2024, Steakholder Foods Ltd. (the “Company”) issued a press release, attached hereto as Exhibit 99.1, announcing that the Company regains compliance with Nasdaq minimum bid price requirement. This Report on Form 6-K is incorporated by reference into the registration statements on F-3 (File Nos. 333-276845 and 333-264110 ) and on Form S-8 (File Nos. 333-255419 , 333-267045 and 333-271112 ). of the Company, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished. 1 EXHIBIT INDEX Exhibit Description of Exhibit 99.1 Press release, dated April 19, 2024 2 SIGNATURE 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. Steakholder Foods Ltd. By: /s/ Arik Kaufman Name: Arik Kaufman Title: Chief Executive Officer Date: April 19, 2024 3