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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Youngevity International, Inc.    YGYI

YOUNGEVITY INTERNATIONAL, INC.

(YGYI)
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YOUNGEVITY INTERNATIONAL, INC. : Other Events (form 8-K)

10/20/2020 | 04:17pm EST

Item 8.01. Other Events

On October 16, 2020, Youngevity International, Inc. (the "Company") received a notification letter from the Nasdaq Hearing Panel (the "Panel") of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Panel had granted the Company's request to extend the automatic 15-day stay of suspension from Nasdaq pending the hearing scheduled with the Panel for November 5, 2020 and a final determination regarding the Company's listing status. The Panel decision maintains the status quo of the Company's shares pending the hearing.

On September 29, 2020, Nasdaq staff notified the Company that it had determined to delist it as the Company had failed to comply with Nasdaq's filing requirements set forth in Listing Rule Listing Rule 5250(c)(1) because it had not filed its Form 10-K for the year ended December 31, 2019, and Forms 10-Q for the periods ended March 31, 2020 and June 30, 2020.

On October 6, 2020, the Company appealed the delisting determinations to the Panel, and requested that the stay of delisting, which otherwise would expire on October 21, 2020, pursuant to Nasdaq Rule 5815(a)(1)(B), be extended until the Panel issued a final decision on the matter. By letter dated October 16, 2020, the Panel granted the Company's request to extend the stay of suspension pending the hearing on November 5, 2020 and issuance of a final Panel decision.

© Edgar Online, source Glimpses

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Managers and Directors
NameTitle
Stephan Wallach Chairman & Chief Executive Officer
David Stephen Briskie President, Director & Chief Investment Officer
Michelle G. Wallach Chief Operating Officer
William G. Thompson Chief Financial Officer & Director
Brad Kenson Chief Technology Officer
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