Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On April 18, 2023, Staffing 360 Solutions, Inc. (the "Company") received a
notice (the "Notice") from the Listing Qualifications Staff of the Nasdaq Stock
Market LLC ("Nasdaq") notifying the Company that as it has not yet filed its
Annual Report on Form 10-K (the "Form 10-K") for the year ended December 31,
2022, the Company now no longer complies with Listing Rule 5250(c)(1) for
continued listing on Nasdaq. The Company has 60 calendar days to submit to
Nasdaq a plan to regain compliance, and if such plan is accepted, Nasdaq may
grant the Company an exception of up to 180 calendar days from the prescribed
due date for filing the Form 10-K, or until October 16, 2023, to regain
compliance.
The Notice from Nasdaq has no immediate effect on the listing of the Company's
common stock. The Company is currently evaluating its options for regaining
compliance. 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 April 21, 2023, 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 April 21, 2023
104 Cover Page Interactive Data File (formatted as Inline XBRL)
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