Nasdaq Compliance

Flora Growth Corp. (FLGC) regained Nasdaq compliance on August 19, 2025, after maintaining a share price above $1.00 for 10 consecutive trading days (August 4-15). This resolves a compliance issue initiated on February 25, 2025, when Nasdaq notified Flora of non-compliance with the minimum bid price requirement. Flora remains listed on Nasdaq, maintaining access to investors and visibility. The company now focuses on future growth plans.

Above Food Ingredients (ABVE) is merging with Palm Global Technologies, with ~90% shareholder support. ABVE appointed CBIZ CPA to regain Nasdaq compliance. Palm Global partners with Promax United to tokenize $1.5T in sovereign assets and launch a gold-backed stablecoin ($350B US gold). Fifteen African nations may adopt the stablecoin as official currency, adding over $100B in assets to Palm Global’s balance sheet. ABVE faces Nasdaq delinquency but anticipates audit completion within 4-6 weeks.

MEDIROM Healthcare Technologies Inc. (MRM) has regained compliance with Nasdaq’s minimum bid price requirement. After receiving a notice of non-compliance on February 27, 2025, MEDIROM’s ADSs closed above $1.00 for ten consecutive business days, satisfying the exchange’s mandate. This positive development, announced June 5, 2025, signifies the company’s commitment to regulations and follows a period of uncertainty. MEDIROM operates over 300 wellness salons in Japan and offers health-tech solutions.