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Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF), a confectionery company with a market capitalization of $15.2 million and currently trading at $1.96, will transfer its stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective at the opening of trading on Thursday. The company announced the move after receiving notification from the Nasdaq Stock Market LLC that it had approved Rocky Mountain Chocolate Factory’s voluntary application for the transfer.
The company’s common stock will continue to trade under the symbol RMCF. According to the filing, the Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market.
Rocky Mountain Chocolate Factory was previously notified on January 21 by Nasdaq that it was not in compliance with the minimum stockholders’ equity requirement of $10 million for continued listing on the Nasdaq Global Market, as specified by Nasdaq Listing Rule 5450(b)(1)(A).
The company’s transfer to the Nasdaq Capital Market is set to become effective on Thursday. This information is based on a press release statement included in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Rocky Mountain Chocolate Factory reported a rise in total revenue for the fourth quarter of fiscal year 2025, reaching $8.9 million, compared to $7.3 million the previous year. Despite the increase in revenue, the company experienced a net loss of $2.9 million for the quarter. Additionally, Rocky Mountain Chocolate Factory has regained compliance with Nasdaq listing requirements after filing its delayed annual report for the fiscal year ending February 28, 2025. The company resolved the compliance issue by submitting its Form 10-K on June 20, and Nasdaq confirmed the company’s return to compliance on June 23. In executive news, Rocky Mountain Chocolate Factory announced the appointment of Luis Burgos as Vice President of Operations. Burgos brings 29 years of experience in manufacturing and distribution operations, having held senior positions at companies like U.S. Cotton and Kimberly-Clark (NASDAQ:KMB). These recent developments highlight significant changes and challenges for the company.
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