Neutral
Newsfile Corp
1 year ago
Hempacco Announces Receipt of Nasdaq Delisting Notice and Submission of Appeal to Nasdaq
San Diego, California--(Newsfile Corp. - July 8, 2024) - Hempacco Co., Inc. (NASDAQ: HPCO) ("Hempacco" or the "Company"), a vertically integrated hemp manufacturing company, announced today that on July 1, 2024, the Company received notice (the "Delisting Notice") from The Nasdaq Stock Market ("Nasdaq") that the Company's shares would be delisted since the Company had not regained compliance with the Nasdaq Annual Meeting Requirement described below, and because the Company had not filed its (i) Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K"), and (ii) Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q"). As previously announced, the Company received notices from Nasdaq indicating that, as a result of the Company not (i) holding an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end, (ii) filing the Form 10-K, and (iii) filing the Form 10-Q, the Company was not in compliance with Rules 5620(a) and 5250(c)(1) of Nasdaq's Listing Rules (the "Listing Rules"), which require the Company to have an annual meeting of shareholders within twelve months of end of the Company's fiscal year end (the "Annual Meeting Requirement") and require the Company to timely file all periodic reports with the Securities and Exchange Commission (the "SEC").