Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On December 17, 2019, iFresh Inc. (the "Company") received a letter from the
Listing Qualifications Staff (the "Staff') of the Nasdaq Stock Market LLC
("Nasdaq"), which stated that the Company was not in compliance with Nasdaq
Listing Rule 5550(a)(2), which requires an issuer to maintain a minimum closing
bid price of $1.00 per share (the "Bid Price Rule"). In accordance with the
Nasdaq Listing Rules, the Company was provided with a 180-day grace period to
regain compliance with the Bid Price Rule, through June 15, 2020. The notice has
no immediate impact on the listing or trading of the Company's securities on
Nasdaq.
Item 8.01 Other Events.
As previously disclosed, the on November 6, 2019, the Company received a letter
from the Staff which stated that, based upon the Company's continued
non-compliance with Nasdaq Listing Rule 5550(b), which requires stockholders'
equity of $2.5 million (the "Stockholders' Equity Requirement"), or a market
value of listed securities of $35 million, or net income from continuing
operations of $500,000, the Staff had determined to delist the Company's
securities unless the Company timely requested a hearing before a Nasdaq
Hearings Panel (the "Panel"). The Company did request such a hearing, which was
held on December 12, 2019.
On December 18, 2019, the Company received a letter from the Panel granting the
Company's request for continued listing on Nasdaq pursuant to an extension to
evidence compliance with the Stockholder's Equity Requirement. The Company's
continued listing on Nasdaq is subject to the Company's timely compliance with
certain interim milestones and, ultimately, the Company evidencing compliance
with the Stockholders' Equity Requirement by no later than April 15, 2020.
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IFRESH INC. 
