Regina, Saskatchewan--(Newsfile Corp. - June 12, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), is pleased to announce it has received the official compliance determination letter from NASDAQ confirming that the Company now meets full compliance and has satisfied all of the requirements under Listing Rules 5450(b)(3)(C), 5810(c)(3)(A) and 5450(a)(1).As referenced within our press release dated June 6, the Company regained compliance with listing Rule 5450(b)(3)(C), regarding the minimu ...

REGINA, SK, June 6, 2025 /PRNewswire/ - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company"), acknowledges receipt of a formal notification from The Nasdaq Stock Market LLC regarding non-compliance with Listing Rule 5450(b)(3)(C), regarding minimum market value of publicly held shares (PR market value). The company is very pleased that this condition has been met as of May 27, 2025.Furthermore, the Company is very pleased that, as of May 27, 2025, it has met Listing Rules 5810(c)(3)(A) and 5450(a)(1) ...

Core Viewpoint - Above Food Ingredients Inc. is taking significant steps to comply with Nasdaq listing requirements and is undergoing a strategic transformation towards higher-margin sectors, including Agri-Tech and Fin-Tech, following recent acquisitions that enhance profitability and market reach [1][2][4][5]. Financial Compliance and Reporting - The company will file its interim balance sheet and income statement for the period ended July 31, 2024, on April 28, 2025, to comply with Nasdaq Listing Rule 5250(c)(2) [1][6]. - The only remaining compliance issue is the closing bid price of the company's securities, which is below $1 per share [6]. Strategic Acquisitions - Above Food acquired The Redwood Group LLC in August 2024, which has positively impacted the company's profitability [3]. - The acquisition of Palm Global Technologies Inc. is expected to significantly enhance the company's revenue run-rate, currently at approximately $200 million CAD, and improve profitability [5]. Corporate Transformation - The company has undergone substantial restructuring, eliminating most of its corporate debt and transitioning its operations into profitability [4]. - The strategic focus on Agri-Tech, Fin-Tech, Ed-Tech, and Asset Tokenization is aimed at expanding the company's market presence in regions such as Latin America, Africa, and Asia [5][8]. Company Overview - Above Food Ingredients Inc. is dedicated to producing nutritious food products with a focus on transparency and sustainability, leveraging advanced technologies in agriculture and processing [7]. - Palm Global is recognized for its innovative solutions in financial inclusion and agri-tech, utilizing AI and blockchain technologies to empower farmers and enhance food security [8].

Core Viewpoint - Above Food Ingredients Inc. has received a notice from Nasdaq regarding non-compliance due to a delay in filing its form 6-K, but the company is taking steps to regain compliance and improve its financial position through restructuring and fundraising efforts [1][3][4]. Group 1: Compliance and Regulatory Actions - The company was notified on February 25, 2025, about its non-compliance with Nasdaq Listing Rule 5250(c)(2) due to the delay in filing its form 6-K for the period ended July 31, 2024 [1]. - The company has 60 calendar days from the notice to submit a Compliance Plan to Nasdaq, which, if accepted, could grant an extension of up to 180 days to regain compliance [3]. - The notice does not have an immediate effect on the listing of the company's common shares on the Nasdaq Capital Market [5]. Group 2: Financial Position and Strategic Actions - The delay in filing the 6-K was to accommodate the positive impacts expected from a recent strategic restructuring and successful fundraising [2]. - The recent restructuring and capital raise have significantly improved the company's financial position by eliminating substantial debt and transitioning towards profitability [4]. - The company plans to use part of the proceeds from the recent financing to complete the filing of the form 6-K within the 60-day period [4]. Group 3: Company Overview - Above Food Ingredients Inc. is focused on sustainable, vertically integrated food systems, delivering nutritious products with transparency [6]. - The company aims to create a healthier world through its operations in primary agriculture, processing, and proprietary seed development, leveraging artificial intelligence-driven genomics and agronomy [6].

Regina, Saskatchewan--(Newsfile Corp. - March 25, 2025) - Above Food Ingredients Inc. (Nasdaq: ABVE) ("the Company") has announced the successful signing of a $9 million private placement of convertible notes with institutional investors. Of this amount, $7 million is expected to fund on or about March 27, 2025, subject to customary closing conditions, and the funding of the remaining $2 million, from Origin Capital, backed by Broadline Capital together with two of the United State's most prestigious and r ...

Regina, Saskatchewan--(Newsfile Corp. - March 20, 2025) - Above Food Ingredients Inc. (NASDAQ: ABVE) ("the Company") announces today that as part of its strategic pivot towards the Agri-Tech and Fin-Tech sectors it has consented to the application filed by the Royal Bank of Canada to wind up the Company's Purely Canada Food Corp. subsidiaries ("PCFC"), which was filed on March 3, 2025 at the Court of King's Bench in Saskatchewan. Consequently, the Court on March 19, 2025, ordered that PCFC be placed into r ...

Group 1 - Above Food Ingredients Inc. (AFII) is facing a receivership application from the Royal Bank of Canada (RBC) for its subsidiary Purely Canada Food Corp. (PCFC) and four affiliated guarantor subsidiaries [1] - PCFC has been operating in a limited capacity for the past six months while working with the Canadian Grain Commission to meet relicensing requirements [1] - AFII and RBC have agreed to a two-week negotiation period to reach a forbearance agreement, with management optimistic about a resolution within this timeframe [1] Group 2 - AFII is a differentiated, regenerative ingredient company focused on delivering nutritious foods with transparency and sustainability [2] - The company's vision is to create a healthier world through its operations in primary agriculture and processing, emphasizing traceability in its supply chain [2]