CHERRY HILL, N.J., Jan. 06, 2025 – Real Good Foods (Nasdaq: RGF), a prominent name in the health and wellness food sector, today announced a significant shift in its market presence. The company, known for its commitment to “real good foods”, has received official notification from The Nasdaq Stock Market LLC regarding the delisting of its common stock. This decision stems from the company’s delay in meeting Nasdaq’s compliance standards for filing timely periodic financial reports, specifically under Listing Rule 5250(c)(1).
The suspension of trading on the Nasdaq is scheduled to commence on January 7, 2025. Following this suspension, Real Good Foods’ common stock is anticipated to begin trading on the Pink Open Market, facilitated by the OTC Markets Group, Inc., also starting on January 7, 2025. It is important to note that depending on the ongoing situation concerning the timeliness of financial filings, there is a possibility that trading could transition further to OTC’s Expert Market. Should this occur, public visibility of quotes for Real Good Foods’ common stock would be restricted.
About Real Good Foods: Delivering on “Real Food You Feel Good About Eating”
Real Good Foods stands as a leader in the health and wellness frozen and refrigerated foods industry. The company is dedicated to its mission of providing “Real Food You Feel Good About Eating,” crafting delicious and nutritious food options that are characterized by low sugar, low carbohydrates, and high protein content. The product range from Real Good Foods is extensive, covering breakfast, lunch, dinner, and snack categories. Consumers can find these products in over 16,000 stores across the nation, as well as through direct-to-consumer channels.
For those interested in learning more about the company and its offerings, please visit realgoodfoods.com or engage with Real Good Foods on social media platforms @realgoodfoods. The company prides itself on maintaining a strong and engaged social media presence, boasting one of the largest followings in the frozen food sector.
Forward-Looking Statements and Important Disclaimers
This announcement includes forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements are inherently subject to risks and uncertainties. Forward-looking statements are identified by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” or “would,” and similar expressions.
These statements reflect management’s current views and are based on information available at the time of this release. While Real Good Foods believes there is a reasonable basis for these statements, their accuracy and completeness cannot be guaranteed. Numerous risks, uncertainties, and other factors could cause actual results to differ materially from those projected in these statements. These factors include, but are not limited to, potential further delays in filing periodic reports, the discovery of additional information related to financial statement errors, the scope of financial restatements, and the effectiveness of remediation efforts for identified weaknesses in financial reporting controls. For a comprehensive list of risk factors, please refer to the “Risk Factors” section in the company’s Annual Report on Form 10-K for the year ended December 31, 2022, and other filings with the SEC. These forward-looking statements are made as of the current date, and Real Good Foods undertakes no obligation to update them, except as required by law.
Investor Relations Contact Information
For investor-related inquiries, please contact:
The Real Good Food Company
3 Executive Campus, Suite 155
Cherry Hill, NJ 08002
[email protected]
