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Leafly Holdings, Inc. ( (LFLY) ) has provided an announcement.
On January 15, 2025, Leafly Holdings, Inc. announced an amendment to their Note Purchase Agreement, extending the maturity date of their 8.00% Convertible Senior Notes to July 1, 2025, and introducing additional financial covenants. Concurrently, the company was notified by Nasdaq of its impending delisting due to non-compliance with listing standards, resulting in a shift of its trading to the OTC Pink Open Market. This transition is expected to create a less liquid market for Leafly’s securities, potentially impacting trading prices, although it will not affect the company’s business operations.
More about Leafly Holdings, Inc.
Leafly Holdings, Inc. operates as a leading online cannabis discovery marketplace and resource for cannabis consumers, providing tools to help shoppers make informed purchasing decisions and supporting cannabis businesses with advertising and technology services.
YTD Price Performance: -11.11%
Average Trading Volume: 39,918
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $4.33M
Find detailed analytics on LFLY stock on TipRanks’ Stock Analysis page.