Core Viewpoint - Above Food Ingredients Inc. is progressing with its proposed merger with Palm Global Technologies Limited, with nearly 90% of Palm Global shareholders expressing support for the transaction [2][5][6] Group 1: Merger Details - The merger is expected to create significant shareholder value, with integration efforts already yielding results in trade discussions across key markets [7] - Palm Global has received unanimous support from nearly 90% of its shareholders for the merger, as confirmed by Chairman Peter Knez [5][6] - The audit by CBIZ CPA is anticipated to be completed within four to six weeks, ahead of the Nasdaq's 180-day requirement [3][4] Group 2: Financial Implications - The merger is projected to unlock multi-billion-dollar, high-margin annualized revenues through an extensive pipeline of food trade deals [7] - Palm Global's 30% stake in Palm Promax Investments is expected to add over $100 billion in net assets to the balance sheet [11] - The partnership with Promax United positions Palm Global as a leader in stablecoin issuance and central bank digital currency frameworks, with commitments from 15 African nations [10] Group 3: Strategic Vision - The merger is seen as a catalyst for transforming global finance through the tokenization of real-world assets, which is expected to surpass the impact of ETFs [12] - Palm Global is strategically positioned with access to multi-trillion-dollar sovereign-backed assets and a scalable blockchain infrastructure [13] - The addition of prominent figures to the Board of Above Food is expected to enhance the company's influence in key markets [14]

Core Points - Above Food Ingredients Inc. has received formal notification from NASDAQ regarding non-compliance with Listing Rule 5450(b)(3)(C) but has since met the condition as of May 27, 2025 [1] - The company has also met Listing Rules 5810(c)(3)(A) and 5450(a)(1) requirements and is awaiting confirmation from NASDAQ for compliance determination [2] - The company has made significant progress in restructuring operations and maximizing shareholder value, with compliance with NASDAQ listing requirements being a key milestone [3] Company Overview - Above Food Ingredients Inc. is an ingredient company focused on delivering nutritious and flavorful products with transparency [4] - The company's vision is to create a healthier world through sustainable practices, leveraging a robust chain of custody for plant proteins and advanced technologies in agriculture and processing [4]