DayDayCook Announces the NYSE American Has Accepted its Plan to Regain Listing Compliance
11 July 2024 - 11:00PM
DDC Enterprise, Ltd., (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the
“Company”), a leading multi-brand Asian consumer food company,
today announced that it received a notice (the “Notice”) from the
NYSE American LLC (the “NYSE American”) dated July 9, 2024,
notifying the Company that it has accepted the Company’s plan to
regain compliance with NYSE American’s continued listing standards.
The NYSE American has reviewed DDC’s compliance plan and
information submitted on May 23, 2024, and has allowed the Company
to work towards regaining compliance by October 23, 2025. During
this time, the Company will be subject to quarterly monitoring for
compliance with the plan. If the Company does not regain compliance
with NYSE American’s listing standards by October 23, 2025, or if
the Company does not make progress consistent with its plan, then
the NYSE American will initiate delisting proceedings at that time.
Although DDC is not currently in compliance with continued listing
standards, its listing is being continued pursuant to the extension
granted by the Notice.
ABOUT DAYDAYCOOK
DayDayCook (NYSEAM: DDC) is on a mission to share the joy of
Asian cooking culture with the world, offering a suite of
accessible and healthy ready-to-eat, ready-to-cook, and
ready-to-heat products that cater to the global palate. DayDayCook
has evolved from a culinary content authority to a multi-brand
powerhouse, curating a broad range of products that champion
authenticity, nutrition, and convenience. The company's growing
portfolio includes DayDayCook, Omsom, Nona Lim, Yai’s Thai,
MengWei, and Yujia Weng. Visit us.daydaycook.com for more
information, or follow the Company on LinkedIn.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements, including, for example, statements about regaining
compliance with NYSE American continued listing standards. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company’s current expectations
and projections about future events that the Company believes may
affect its financial condition, results of operations, business
strategy and financial needs. These forward-looking statements are
also based on assumptions regarding the Company’s present and
future business strategies and the environment in which the Company
will operate in the future. Investors can find many (but not all)
of these statements by the use of words such as “may,” “will,”
“expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “likely to” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s filings with the SEC.
Contact:
Investors:
Kyle GuseChief Legal Officerkyle.guse@daydaycook.com
CORE IRMatt Blazeimattb@coreir.com
Media:
Chris Cheungchris.cheung@daydaycook.com
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