Strategic Merger

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Above Food Ingredients Inc. Achieves Full Listing Compliance with NASDAQ
Newsfileยท 2025-06-12 14:05
Core Viewpoint - Above Food Ingredients Inc. has achieved full compliance with NASDAQ listing rules, enabling the company to proceed with its strategic merger with Palm Global and accelerate growth plans [1][3][4]. Compliance Achievement - The company regained compliance with NASDAQ listing Rule 5450(b)(3)(C) regarding the minimum market value of publicly held shares on May 27, 2025, and with listing Rules 5450(a)(1) and 5810(c)(3)(A) regarding the minimum bid price on May 23, 2025 [2]. Strategic Merger - The full compliance determination allows the company to expedite the completion of its transformative merger with Palm Global, which is anticipated to finalize in the coming days [3][4]. Leadership Commentary - Lionel Kambeitz, Executive Chairman and CEO of Above Food, emphasized that achieving full compliance is a significant milestone that supports the company's restructuring and growth plans [4]. - Peter Knez, Chairman and CEO of Palm Global Technologies, noted the progress made by Above Food in restructuring and transitioning to profitability, expressing eagerness to finalize the merger [4]. Company Overview - Above Food Ingredients Inc. focuses on delivering nutritious ingredients with transparency and sustainability, leveraging advanced agricultural technologies and proprietary seed development capabilities [5]. - Palm Global operates as an innovator in financial products and AgTech, aiming to drive economic empowerment and financial inclusion through scalable solutions [6][7].