Business Context and Reporting Period
Company: Alto Ingredients, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 19, 2025
Reporting Period: The filing addresses a specific event occurring on May 19, 2025, regarding the company's listing status on The Nasdaq Stock Market.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on regulatory compliance regarding stock price.
Material Changes
Stock Price Deficiency: The Company received notification from Nasdaq that its common stock bid price closed below the minimum requirement of $1.00 per share for the last 30 consecutive business days ending May 19, 2025.
Listing Status: The Company is currently non-compliant with Nasdaq Listing Rule 5550(a)(2).
Outlook, Risks, and Contingencies
- Compliance Period: The Company has been granted an initial 180-day compliance period ending November 15, 2025, to regain compliance.
- Regaining Compliance: To cure the deficiency, the stock must close at $1.00 per share or more for a minimum of 10 consecutive business days before the expiration of the initial period.
- Extension Criteria: If the initial period expires without compliance, the Company may be eligible for an additional 180 days if it meets the market value of publicly held shares requirement and initial listing standards (excluding the $1.00 bid price).
- Reverse Stock Split: The Company may be required to effect a reverse stock split to regain compliance during an additional compliance period.
- Delisting Risk: Failure to regain compliance may result in delisting. The Company retains the right to appeal a delisting determination to a Hearings Panel.
Investor Verification Checklist
- Verify the current trading price of ALTO stock to assess proximity to the $1.00 threshold.
- Monitor the stock's closing price for the next 10 consecutive business days to determine if the initial cure period is met.
- Review future filings for announcements regarding a potential reverse stock split.
- Check for any subsequent correspondence from Nasdaq regarding the extension of the compliance period or delisting notices.