Staffing 360 Solutions Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 22, 2024, Staffing 360 Solutions, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market LLC notifying the Company that as it has not yet filed its Form 10-Q for the period ended March 30, 2024 (the “Q1 2024 Form 10-Q”), such matter serves as a basis for delisting the Company’s common stock from the Nasdaq Capital Market (“Nasdaq”) in addition to the matters previously reported. Pursuant to the Notice and the letter to the Company from the Staff dated as of April 17, 2024, the Company has until June 17, 2024, to submit to Nasdaq a plan to regain compliance with respect to its delinquent Annual Report on Form 10-K for the year ended December 30, 2024 (the “2023 Form 10-K”), and its delinquent Q1 2024 Form 10-Q. Any Staff exception to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the 2023 Form 10-K, or October14, 2024.
The Notice from Nasdaq has no immediate effect on the listing of the Company’s common stock. There can be no assurance that the Company will regain compliance with the Nasdaq’s rules or maintain compliance with any of the other Nasdaq continued listing requirements.
Item 8.01 Other Events.
On May 28, 2024, the Company issued a press release announcing its receipt of the Notice. A copy of such press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed herewith:
| Exhibit No. | Description | |
| 99.1 | Press Release dated May 28, 2024 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 28, 2024 | STAFFING 360 SOLUTIONS, INC. | |
| By: | /s/ Brendan Flood | |
| Brendan Flood | ||
| Chairman and Chief Executive Officer | ||