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Moolec Science Receives Determination Letter From Nasdaq Indicating That The Company Does Not Currently Meet The Minimum Stockholders' Equity Requirement

Benzinga·12/31/2025 23:04:39
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December 31, 2025 / Moolec Science SA ("Moolec" or the "Company") received an additional determination letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company does not currently meet the minimum stockholders' equity requirement of $2.5 million under Nasdaq Listing Rule 5550(b)(1).

As previously disclosed in the Company's Form 20-F for the year ended June 30, 2025, management expects to regain compliance with the Nasdaq continued listing standards through the recognition of an estimated gain of approximately $105.8 million related to the derecognition of certain subsidiaries following their bankruptcy proceedings. Upon completion of this accounting process, the Company anticipates that the gain resulting from this accounting process will generate a positive net income, enabling the Company to satisfy Nasdaq's net income standard requirement of $500,000.

The derecognition process is already underway following the bankruptcy filing of certain subsidiaries.

This disclosure is made in accordance with Nasdaq Listing Rule 5810(b), which requires prompt public announcement upon receipt of a notification of non-compliance.