Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or

           Standard; Transfer of Listing.

On October 14, 2022, Alfi, Inc. (the "Company") received a letter from the staff of the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the Staff has determined that the Company's securities will be delisted from Nasdaq based on the following factors: (i) on October 14, 2022, the Company filed for protection under Chapter 7 of the U.S. Bankruptcy Code (the "Chapter 7 Filing") and the associated public interest concerns raised by it; (ii) concerns regarding the residual equity interest of the existing listed securities holders; (iii) concerns about the Company's ability to sustain compliance with all requirements for continued listing on Nasdaq; and (iv) the Company's failure to comply with the minimum $2,500,000 stockholders' equity requirement. The Staff letter indicates that the trading of the Company's common stock and warrants will be suspended at the opening of business on October 25, 2022, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq.

The Company does not intend to appeal the Staff's determination. Therefore, the Company expects that the trading of the Company's common stock and warrants will be suspended at the opening of business on October 25, 2022 and delisted from Nasdaq, as indicated in the Staff's letter.

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