{"success":true,"data":{"pressRelease":{"id":"52548","rtpr_id":"nNFC4CPhHR","ticker":"ABVE","exchange":"NASDAQ","all_tickers":["ABVE"],"title":"Above Food Commences Trading on the OTC Over-the-Counter Market, and Initiates Path to Relisting on the NASDAQ","author":"Newsfile Corp","published_at":"2026-06-02T14:28:51.119Z","article_body":"Regina, Saskatchewan--(Newsfile Corp. - June 2, 2026) - Further to the\nannouncement on June 1, 2026, Above Food Ingredients Inc. (OTC:\nABVEF) (\"Above\" or the \"Company\") announces today that it will commence\ntrading on the Over-the-Counter Market. FINRA's Department of Market\nOperations have assigned the trading symbol \"ABVEF\" for the Company's common\nshares and \"ABVEWF\" for the Company's public warrants.\n\nThe Company expects to re-list on the Nasdaq Exchange, and is working\ndiligently to file its audited financial statements contained in the Form 20-F\nand all filings necessary to meet such re-listing requirements of the Nasdaq.\n\nThe Company is also reviewing a submission to appeal the delisting\ndetermination to the Nasdaq Listing and Hearing Review Council (the \"Council\")\nin accordance with Nasdaq Listing Rule 5820(a).\n\nAbout Above Food Ingredients Inc.\n\nAbove Food Ingredients Inc. (https://api.newsfilecorp.com/redirect/Pq2ABHq7kQ)\n(OTC: ABVEF) is an agricultural and food technology company whose vision is to\ncreate a healthier world - breaking the cycle of world hunger, one seed, one\nfield, and one bite at a time. Above's robust chain of custody of plant\nproteins and proprietary seed development capabilities, leverage the power of\nartificial intelligence-driven genomics and agronomy, and together with Palm's\nfinancial technologies will help to break the global cycle of hunger.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release may contain \"forward-looking information\" within the\nmeaning of the United States federal securities laws and applicable Canadian\nsecurities laws. These forward-looking statements generally are identified by\nthe words \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\"\n\"strategy,\" future,\" \"opportunity,\" \"plan,\" \"may,\" \"should,\" \"will,\" \"could,\"\n\"will be,\" will continue,\" and similar expressions.\n\nForward Looking Statements\n\nThis communication contains forward-looking statements, including, but not\nlimited to, statements regarding the expected timing of the completion of the\naudit and the filing of the Company's Annual Report on Form 20-F, the\nsuccessful filing of a prospectus in Canada, statements regarding expectations\nor forecasts of business, accounting audits, operations, financial\nperformance, prospects, and other plans, intentions, expectations, estimates,\nand beliefs relating to proposed transaction, the current and projected\nmarket, growth opportunities and synergies for the combined company, the\nexpected composition of the management and board of directors of the combined\ncompany, the expected trading of the combined company on the Nasdaq, the\nfiling and approval of the Registration Statement and the Prospectus, and the\ntiming and completion of the proposed transaction, including the satisfaction\nor waiver of all the required conditions thereto. Forward-looking statements\nare based on current judgments and expectations and assumptions and are\nsubject to risks and uncertainties that could cause actual results to differ\nmaterially, including the completion of audit procedures and the conclusions\nof management, the Audit Committee, and the independent auditor, as well as\nthe factors described in the Company's filings with the U.S. Securities and\nExchange Commission (\"SEC\"). The Company undertakes no obligation to update\nforward-looking statements, except as required by applicable law.\n\nFactors that could cause actual events to differ include, but are not limited\nto:\n*\nall conditions to the proposed transaction being met, including Above Food and\nPalm Global agreeing to a form of plan of arrangement, as well as other\nconditions set forth in the definitive merger agreement;\n*\nthe expected timing of regulatory approvals relating to the proposed\ntransaction, the businesses of Above Food and Palm Global and of the combined\ncompany and product launches of such businesses and companies;\n*\nAbove Food's inability to file or make effective the Registration Statement or\nthe final Prospectus with the respective regulators;\n*\nAbove Food, Palm Global and the combined company's compliance with, and\nchanges to, applicable laws and regulations;\n*\nAbove Food and the combined company's ability to list the common shares of the\ncombined company on Nasdaq;\n*\nthe ability to successfully integrate the businesses of Above Food and Palm\nGlobal after the completion of the proposed transaction;\n*\nthe combined company's ability to achieve the expected benefits from the\nproposed transaction within the expected time frames or at all; and\n*\nthe incurrence of unexpected costs, liabilities or delays relating to the\nproposed transaction.\n\nForward-looking statements are based on the current expectations of Above\nFood's management and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on, by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. You should carefully consider all of the risks and uncertainties\ndescribed in the documents filed by Above Food with the United States\nSecurities and Exchange Commission (\"SEC\"), which is available on EDGAR at\nwww.sec.gov/edgar.shtml. There may be additional risks that Above Food\npresently does not know or that Above Food currently believes are immaterial\nthat could also cause actual results to differ from those contained in\nforward-looking statements. In addition, forward-looking statements provide\nAbove Food's expectations, plans or forecasts of future events and views as of\nthe date of this communication. Above Food anticipates that subsequent events\nand developments will cause Above Food's assessments to change. However, while\nAbove Food may elect to update these forward-looking statements in the future,\nAbove Food specifically disclaims any obligation to do so. These\nforward-looking statements should not be relied upon as representing Above\nFood's assessments as of any date subsequent to the date of this\ncommunication. Nothing herein should be regarded as a representation by any\nperson that the forward-looking statements set forth herein will be achieved\nor that any of the contemplated results in such forward-looking statements\nwill be achieved. You should not place undue reliance on forward-looking\nstatements in this communication, which speak only as of the date they are\nmade and are qualified in their entirety by reference to the cautionary\nstatements herein.\n\nIt is possible that the Merger may not occur on the terms provided herein or\nin the Merger Agreement, on the expected timing or at all. In the event that\nthe Merger is terminated Above Food may be liable to pay a termination fee to\nPalm Global, subject to the precise terms of the Merger Agreement.\n\nAdditional Information and Where to Find It:\n\nINVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS\nFILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be\nable to obtain free copies of the documents filed with the SEC by Above Food\nthrough the website maintained by the SEC at http://www.sec.gov. Copies of the\ndocuments filed with the SEC by Above Food are also available free of charge\non Above Food's website at https://abovefood.com or by contacting Above Food's\nInvestor Relations Department at 2305 Victoria Ave #002, Regina, Saskatchewan,\nCanada, S4P 0S7.\n\nContacts\nMedia: media@abovefood.com\nInvestors: investors@abovefood.com\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/299820","article_body_html":"","raw_payload":{"data":{"id":"nNFC4CPhHR","title":"Above Food Commences Trading on the OTC Over-the-Counter Market, and Initiates Path to Relisting on the NASDAQ","author":"Newsfile Corp","ticker":"ABVE","created":"2026-06-02T14:28:51.119Z","tickers":["ABVE"],"exchange":"NASDAQ","article_body":"Regina, Saskatchewan--(Newsfile Corp. - June 2, 2026) - Further to the\nannouncement on June 1, 2026, Above Food Ingredients Inc. (OTC:\nABVEF) (\"Above\" or the \"Company\") announces today that it will commence\ntrading on the Over-the-Counter Market. FINRA's Department of Market\nOperations have assigned the trading symbol \"ABVEF\" for the Company's common\nshares and \"ABVEWF\" for the Company's public warrants.\n\nThe Company expects to re-list on the Nasdaq Exchange, and is working\ndiligently to file its audited financial statements contained in the Form 20-F\nand all filings necessary to meet such re-listing requirements of the Nasdaq.\n\nThe Company is also reviewing a submission to appeal the delisting\ndetermination to the Nasdaq Listing and Hearing Review Council (the \"Council\")\nin accordance with Nasdaq Listing Rule 5820(a).\n\nAbout Above Food Ingredients Inc.\n\nAbove Food Ingredients Inc. (https://api.newsfilecorp.com/redirect/Pq2ABHq7kQ)\n(OTC: ABVEF) is an agricultural and food technology company whose vision is to\ncreate a healthier world - breaking the cycle of world hunger, one seed, one\nfield, and one bite at a time. Above's robust chain of custody of plant\nproteins and proprietary seed development capabilities, leverage the power of\nartificial intelligence-driven genomics and agronomy, and together with Palm's\nfinancial technologies will help to break the global cycle of hunger.\n\nCautionary Statement Regarding Forward-Looking Statements\n\nThis press release may contain \"forward-looking information\" within the\nmeaning of the United States federal securities laws and applicable Canadian\nsecurities laws. These forward-looking statements generally are identified by\nthe words \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\"\n\"strategy,\" future,\" \"opportunity,\" \"plan,\" \"may,\" \"should,\" \"will,\" \"could,\"\n\"will be,\" will continue,\" and similar expressions.\n\nForward Looking Statements\n\nThis communication contains forward-looking statements, including, but not\nlimited to, statements regarding the expected timing of the completion of the\naudit and the filing of the Company's Annual Report on Form 20-F, the\nsuccessful filing of a prospectus in Canada, statements regarding expectations\nor forecasts of business, accounting audits, operations, financial\nperformance, prospects, and other plans, intentions, expectations, estimates,\nand beliefs relating to proposed transaction, the current and projected\nmarket, growth opportunities and synergies for the combined company, the\nexpected composition of the management and board of directors of the combined\ncompany, the expected trading of the combined company on the Nasdaq, the\nfiling and approval of the Registration Statement and the Prospectus, and the\ntiming and completion of the proposed transaction, including the satisfaction\nor waiver of all the required conditions thereto. Forward-looking statements\nare based on current judgments and expectations and assumptions and are\nsubject to risks and uncertainties that could cause actual results to differ\nmaterially, including the completion of audit procedures and the conclusions\nof management, the Audit Committee, and the independent auditor, as well as\nthe factors described in the Company's filings with the U.S. Securities and\nExchange Commission (\"SEC\"). The Company undertakes no obligation to update\nforward-looking statements, except as required by applicable law.\n\nFactors that could cause actual events to differ include, but are not limited\nto:\n*\nall conditions to the proposed transaction being met, including Above Food and\nPalm Global agreeing to a form of plan of arrangement, as well as other\nconditions set forth in the definitive merger agreement;\n*\nthe expected timing of regulatory approvals relating to the proposed\ntransaction, the businesses of Above Food and Palm Global and of the combined\ncompany and product launches of such businesses and companies;\n*\nAbove Food's inability to file or make effective the Registration Statement or\nthe final Prospectus with the respective regulators;\n*\nAbove Food, Palm Global and the combined company's compliance with, and\nchanges to, applicable laws and regulations;\n*\nAbove Food and the combined company's ability to list the common shares of the\ncombined company on Nasdaq;\n*\nthe ability to successfully integrate the businesses of Above Food and Palm\nGlobal after the completion of the proposed transaction;\n*\nthe combined company's ability to achieve the expected benefits from the\nproposed transaction within the expected time frames or at all; and\n*\nthe incurrence of unexpected costs, liabilities or delays relating to the\nproposed transaction.\n\nForward-looking statements are based on the current expectations of Above\nFood's management and are not predictions of actual performance. These\nforward-looking statements are provided for illustrative purposes only and are\nnot intended to serve as, and must not be relied on, by any investor as a\nguarantee, an assurance, a prediction or a definitive statement of fact or\nprobability. You should carefully consider all of the risks and uncertainties\ndescribed in the documents filed by Above Food with the United States\nSecurities and Exchange Commission (\"SEC\"), which is available on EDGAR at\nwww.sec.gov/edgar.shtml. There may be additional risks that Above Food\npresently does not know or that Above Food currently believes are immaterial\nthat could also cause actual results to differ from those contained in\nforward-looking statements. In addition, forward-looking statements provide\nAbove Food's expectations, plans or forecasts of future events and views as of\nthe date of this communication. Above Food anticipates that subsequent events\nand developments will cause Above Food's assessments to change. However, while\nAbove Food may elect to update these forward-looking statements in the future,\nAbove Food specifically disclaims any obligation to do so. These\nforward-looking statements should not be relied upon as representing Above\nFood's assessments as of any date subsequent to the date of this\ncommunication. Nothing herein should be regarded as a representation by any\nperson that the forward-looking statements set forth herein will be achieved\nor that any of the contemplated results in such forward-looking statements\nwill be achieved. You should not place undue reliance on forward-looking\nstatements in this communication, which speak only as of the date they are\nmade and are qualified in their entirety by reference to the cautionary\nstatements herein.\n\nIt is possible that the Merger may not occur on the terms provided herein or\nin the Merger Agreement, on the expected timing or at all. In the event that\nthe Merger is terminated Above Food may be liable to pay a termination fee to\nPalm Global, subject to the precise terms of the Merger Agreement.\n\nAdditional Information and Where to Find It:\n\nINVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS\nFILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN\nIMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be\nable to obtain free copies of the documents filed with the SEC by Above Food\nthrough the website maintained by the SEC at http://www.sec.gov. Copies of the\ndocuments filed with the SEC by Above Food are also available free of charge\non Above Food's website at https://abovefood.com or by contacting Above Food's\nInvestor Relations Department at 2305 Victoria Ave #002, Regina, Saskatchewan,\nCanada, S4P 0S7.\n\nContacts\nMedia: media@abovefood.com\nInvestors: investors@abovefood.com\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/299820"},"type":"article","timestamp":"2026-06-02T14:28:51.179151304Z","server_sent_at_ms":1780410531179},"received_at":"2026-06-02T14:28:51.236Z","source_url":"https://www.newsfilecorp.com/release/299820"},"analysis":{"id":"41980","press_release_id":"52548","analysis_json":{"industry":{"label":"Food Products","sector":"Consumer Staples"},"redFlags":["Delisted from Nasdaq, now trading OTC","Appeal of delisting is pending, not granted","Merger with Palm Global is conditional on Nasdaq listing of combined entity"],"eventType":"other","narrative":"Above Food Ingredients Inc. has commenced trading on the OTC market under the symbol ABVEF following its delisting from Nasdaq.\n\nThe company is working to file audited financial statements and other requirements to re-list on Nasdaq, while also reviewing a submission to appeal the delisting determination to the Nasdaq Listing and Hearing Review Council.\n\nThe release highlights a pending merger with Palm Global, noting that the combined entity's ability to list on Nasdaq remains a key condition and risk factor for the transaction.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Above Food delisted from Nasdaq, moves to OTC; merger with Palm Global faces listing hurdles."},"keyFigures":{},"quotedText":"The Company expects to re-list on the Nasdaq Exchange, and is working diligently to file its audited financial statements contained in the Form 20-F and all filings necessary to meet such re-listing requirements of the Nasdaq.","namedEntities":{"people":[],"products":[],"companies":[{"name":"Above Food Ingredients Inc.","ticker":"ABVEF","relationship":"filer"},{"name":"Palm Global","relationship":"merger partner"},{"name":"Nasdaq","relationship":"exchange"},{"name":"FINRA","relationship":"regulator"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"The company has been delisted from Nasdaq and is now trading on the OTC market, which significantly reduces liquidity and investor access. While an appeal is being considered, the immediate status change is negative. The mention of a pending merger with Palm Global adds complexity but does not offset the delisting risk."},"tickerRelevance":{"others":[{"ticker":"ABVEF","relevance":"current trading symbol"},{"ticker":"ABVEWF","relevance":"warrant symbol"}],"primary":"ABVE"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["regulatory"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"delisting","sectorWeight":"moderate","retailFavoriteBoost":0}},"event_type":"other","event_type_secondary":["regulatory"],"sentiment":"bearish","material_impact_score":3,"narrative":"Above Food Ingredients Inc. has commenced trading on the OTC market under the symbol ABVEF following its delisting from Nasdaq.\n\nThe company is working to file audited financial statements and other requirements to re-list on Nasdaq, while also reviewing a submission to appeal the delisting determination to the Nasdaq Listing and Hearing Review Council.\n\nThe release highlights a pending merger with Palm Global, noting that the combined entity's ability to list on Nasdaq remains a key condition and risk factor for the transaction.","key_figures":{},"named_entities":{"people":[],"products":[],"companies":[{"name":"Above Food Ingredients Inc.","ticker":"ABVEF","relationship":"filer"},{"name":"Palm Global","relationship":"merger partner"},{"name":"Nasdaq","relationship":"exchange"},{"name":"FINRA","relationship":"regulator"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-02T14:29:04.905Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"delisting","sectorWeight":"moderate","retailFavoriteBoost":0}},"durationMs":13759,"modelName":"george-droid-qwen-72b"}}