Village Farms International Renames, Faces Listing Concerns

Ticker: VFF · Form: 8-K · Filed: 2024-10-21T00:00:00.000Z

Sentiment: mixed

Topics: name-change, delisting-risk, corporate-action

Related Tickers: VFF

TL;DR

VFF changed its name AGAIN and might get delisted. Big red flag.

AI Summary

Village Farms International, Inc. filed an 8-K on October 21, 2024, reporting a name change from "Agro Power Development, Inc." to "Village Farms International, Inc." effective September 30, 2024. The company also previously changed its name from "Village Farms International, Inc." to "Agro Power Development, Inc." on August 15, 2013. The filing also indicates a notice of delisting or failure to satisfy continued listing rules.

Why It Matters

This filing signals potential issues with the company's stock listing status, which could impact liquidity and investor confidence, alongside a significant corporate name change.

Risk Assessment

Risk Level: high — The mention of a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule' indicates significant risk to the company's stock trading status.

Key Players & Entities

FAQ

What is the specific reason for the notice of delisting or failure to satisfy a continued listing rule?

The provided 8-K filing does not specify the exact reason for the notice of delisting or failure to satisfy a continued listing rule; it only states that such a notice has been issued.

When did the name change from Agro Power Development, Inc. to Village Farms International, Inc. officially take effect?

The name change from Agro Power Development, Inc. to Village Farms International, Inc. took effect on September 30, 2024.

What was the previous name of Village Farms International, Inc. before the most recent name change?

Before the most recent name change, the company was known as Agro Power Development, Inc.

Has Village Farms International, Inc. undergone name changes previously?

Yes, the company was formerly known as Village Farms International, Inc. and changed its name to Agro Power Development, Inc. on August 15, 2013.

What is the filing date of this 8-K report?

This 8-K report was filed on October 21, 2024.

From the Filing

0000950170-24-115703.txt : 20241021 0000950170-24-115703.hdr.sgml : 20241021 20241018175301 ACCESSION NUMBER: 0000950170-24-115703 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241018 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241021 DATE AS OF CHANGE: 20241018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Village Farms International, Inc. CENTRAL INDEX KEY: 0001584549 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38783 FILM NUMBER: 241381589 BUSINESS ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 BUSINESS PHONE: 4079361190 MAIL ADDRESS: STREET 1: 90 COLONIAL CENTER PKWY CITY: LAKE MARY STATE: FL ZIP: 32746 FORMER COMPANY: FORMER CONFORMED NAME: Agro Power Development, Inc. DATE OF NAME CHANGE: 20240930 FORMER COMPANY: FORMER CONFORMED NAME: Village Farms International, Inc. DATE OF NAME CHANGE: 20130815 8-K 1 vff-20241018.htm 8-K 8-K 0001584549 false 0001584549 2024-10-18 2024-10-18   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 18, 2024     VILLAGE FARMS INTERNATIONAL, INC. (Exact name of Registrant as Specified in Its Charter)     Ontario 001-38783 00-0000000 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           90 Colonial Parkway   Lake Mary , Florida   32746 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: (407) 936-1190     (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Shares, without par value   VFF   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On October 18, 2024, Village Farms International, Inc. ("Village Farms" or the "Company") received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that it is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market (Nasdaq Listing Rule 5550(a)(2)) (the “Minimum Bid

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