LONGMONT, Colo., Oct. 23, 2024 /PRNewswire/ — S&W Seed Corporate (Nasdaq: SANW) introduced that, on October 17, 2024, the Corporate gained a understand from the Checklist {Qualifications} Group of workers of The Nasdaq Reserve Marketplace (Nasdaq), advising the Corporate that its failure to well timed document its Annual Document on Method 10-Ok for the fiscal life ended June 30, 2024 (the Method 10-Ok) with the Securities and Alternate Fee (the SEC) is in contravention of Nasdaq Checklist Rule 5250(c)(1) (the Submitting Requirement), and may lend as an supplementary deficiency and foundation for the delisting of the Corporate’s securities from Nasdaq. The Corporate has 60 days from the hour of the attention to publish a plan to regain compliance with the Submitting Requirement for attention through Nasdaq. The Corporate intends to well timed publish a plan, together with, however now not restricted to, a timeline wherein the Method 10-Ok might be filed.

The Nasdaq Understand has deny fast impact at the list of the Corporate’s usual store at the Nasdaq Capital Marketplace.

As introduced on October 15, 2024, the Corporate carried out a opposite store fracture of its usual store at a ratio of 1-for-19 stocks efficient for market functions with the clear of commercial on Friday, October 18, 2024. The Corporate is matter to a isolated evaluate through Nasdaq to resolve if the Corporate is in a position to regain compliance with Nasdaq’s $1.00 bid worth requirement through November 11, 2024.

About S&W Seed Corporate

Based in 1980, S&W Seed Corporate is a world multi-crop, middle-market agricultural corporate headquartered in Longmont, Colorado. S&W’s perceptible is to be the sector’s most well-liked proprietary seed corporate which provides a territory of sorghum, forage and distinctiveness shorten merchandise that helps the rising world call for for animal proteins and fitter client diets. S&W is a world chief in proprietary sorghum and alfalfa seeds with important analysis and building, manufacturing and distribution functions. Thru a partnership, S&W may be curious about sustainable biofuel feedstocks basically inside camelina. For more info, please discuss with www.swseedco.com.

Guard Harbor Observation

This reduce incorporates “forward-looking statements” throughout the that means of Division 27A of the Securities Office of 1933, as amended, and Division 21E of the Securities Alternate Office of 1934, as amended and such forward-looking statements are made pursuant to the barricade harbor provisions of the Non-public Securities Litigation Reform Office of 1995. “Forward-looking statements” describe date expectancies, plans, effects, or methods and are typically preceded through phrases reminiscent of “anticipates,” “believe,” “may,” “future,” “plan,” “should” or “expects.” Ahead-looking statements on this reduce come with, however don’t seem to be restricted to, the anticipated timing of the submitting of the Method 10-Ok and the submission of a compliance plan to Nasdaq. You’re cautioned that such statements are matter to a large number of dangers and uncertainties that might purpose date instances, occasions, or effects to range materially from the ones projected within the forward-looking statements, together with dangers and uncertainties alike to the compilation and finalization of the Corporate’s monetary statements and Annual Document. Those and alternative dangers are recognized in our filings with the Securities and Alternate Fee, together with, with out limitation, our Annual Document on Method 10-Ok for the life ended June 30, 2023 and in alternative filings due to this fact made through us with the Securities and Alternate Fee. All forward-looking statements contained on this press reduce talk most effective as of the hour on which they have been made and are in keeping with control’s suppositions and estimates as of such hour. We don’t adopt any legal responsibility to publicly replace any forward-looking statements, whether or not because of the receipt of brandnew knowledge, the incidence of date occasions or another way.

SOURCE S&W Seed Corporate

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