01/10/2025 | Press release | Distributed by Public on 01/10/2025 16:29
Item 3.01. Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard.
On January 10, 2025, EzFill Holdings, Inc. (the "Company") received a letter from the Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company no longer complies with Nasdaq rules for continued listing (the "Rules") because the Company has not yet held an annual meeting of stockholders within one year after the end of the Company's fiscal year ended December 31, 2023, as required pursuant to Rule 5620(a) of the Rules (the "Annual Meeting Requirement"). Under the Rules, the Company has 45 calendar days to submit a plan to regain compliance and, if the Staff accepts the Company's plan, the Staff can grant an exception of up to 180 calendar days from December 31, 2024, or until June 30, 2025, to regain compliance. The Company plans to timely submit such a plan for the Staff's consideration.
There can be no assurance that the Staff will accept the Company's plan to regain compliance with the Annual Meeting Requirement, or that the Company will evidence compliance with the Annual Meeting Requirement during any extension period that the Staff may grant. If the Staff does not accept the Company's plan, the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
The Company plans to hold an annual meeting of stockholders on January 16, 2025. On December 31, 2024, the Company filed with the Securities and Exchange Commission a definitive proxy statement on Schedule 14A relating to its planned annual meeting of stockholders to be held on January 16, 2025.