By Sabela Ojea
The Real Good Food Company is losing its spot in the Nasdaq Stock Market after going public about three years ago.
The frozen and refrigerated foods company on Monday said the Nasdaq will delist its shares due to its failure to file periodic financial reports.
Shares were recently down 40% to $2.15. Trading was briefly paused for volatility soon after the delisting announcement.
Trading in the company's common stock on the Nasdaq will be suspended on Jan. 7 and will likely start trading on the OTC Markets-operated Pink Open Market, commonly known as the "Pink Sheets," on that same date.
However, given Real Good Food's lack of timely filing, the stock might ultimately move to the OTC's "Expert Market," where quotes for its common shares will no longer be available to the public, the Cherry Hill, N.J., company said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 06, 2025 12:31 ET (17:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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