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 2, 2023 |
Leafly Holdings, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware |
001-39119 |
84-2266022 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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113 Cherry Street PMB 88154 |
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Seattle, Washington |
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98104-2205 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: 206 455-9504 |
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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Trading |
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Common Stock |
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LFLY |
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The Nasdaq Stock Market LLC |
Warrants |
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LFLYW |
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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 8.01 Other Events.
On October 2, 2023, Leafly Holdings, Inc. (the “Company”) issued a press release announcing that the Company received a written notice from The Nasdaq Stock Market LLC (”Nasdaq”) confirming that the Company has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.
A copy of the Press Release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Description |
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104 |
Cover Page Interactive Data File (formatted as Inline XBRL) |
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 hereunto duly authorized.
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Leafly Holdings, Inc. |
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Date: |
October 2, 2023 |
By: |
/s/ Suresh Krishnaswamy |
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Suresh Krishnaswamy |
Leafly Regains Compliance with Nasdaq Minimum Bid Price Requirement
SEATTLE – Leafly Holdings, Inc. (“Leafly” or “the Company”) (NASDAQ: LFLY), a leading online cannabis discovery marketplace and resource for cannabis consumers, today announced that on September 29, 2023, it received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming Leafly has regained compliance with the minimum bid price rule set forth in Nasdaq Listing Rule 5550(a)(2) (the “Rule”).
On November 2, 2022, Leafly received notification from Nasdaq that the Company was not in compliance with the Rule. To regain compliance with the Rule, the Company’s common shares were required to maintain a minimum closing bid price of $1.00 for at least 10 consecutive business days, which was achieved on September 25, 2023. As a result, the listing matter is now closed.
Leafly will continue to be listed and traded on the Nasdaq Capital Market.
About Leafly
Leafly helps millions of people discover cannabis each year. The company's powerful tools help shoppers make informed purchasing decisions and empower cannabis businesses to attract and retain loyal customers through advertising and technology services. Learn more at Leafly.com or download the Leafly mobile app through Apple’s App Store or Google Play.
Contacts
Media
Josh deBerge
josh.deberge@leafly.com
206-445-9387
Investors
Stacie Clements
IR@leafly.com
Source: Leafly Holdings, Inc.