The warning means both sides of the deal are now faced with having their stock removed from trading on Nasdaq due to their share prices lingering below $1 for too many days.
CarLotz merger partner Shift gets Nasdaq delisting warning
Retail
Spy Rock drops $5M for 2-acre Dabney Road site
The deal gives the local developer a piece of the evolving Westwood area just west of Scott’s Addition, where it’s planning a mixed-use building with 245 apartments.
Local couple opening new and used Lego shop near Short Pump
While a massive Lego factory takes shape in Chesterfield County, a couple is opening a much smaller spot in Henrico that’s also centered on the Danish toy company’s bricks.
Q&A: Cannabis Control Authority acting chief talks agency’s work, retail market launch ahead of legislative session
“If the legislature makes progress on creating a retail market, it’ll be interesting to see what happens to the timeline,” Jeremy Preiss told BizSense.
Buyer found for Blue Bee Cider in Scott’s Addition
While the buyer’s identity remains a mystery, documents show new uses may be in store, including a distillery.
Owners of Jasper in Carytown planning two new spots in Union Hill
The Emerald Lounge will join Slurp! Ramen in the newly built triangular building near Jefferson Avenue’s intersection with North 24th and M streets.
Goatocado to expand with new spot in Forest Hill
Owner Ian Newell also has another restaurant in the works in the same shopping center, where he’ll be neighbors with a recently opened fly fishing shop.
Retail project in Midlothian, Sportsplex land-use plan get planning commission green light
Both undertakings involve a bit of mystery: The retail site’s grocery anchor is being kept secret for now, while the county has previously been in talks with an unidentified developer for land near the Sportsplex that includes the former Southside Speedway.
New-to-market urgent care clinic for pets coming to Carytown Exchange
Two other new tenants are lined up for the Publix-anchored project: Starbucks and restaurant chain Burtons Grill & Bar.
Unanimous council vote approves Diamond District development plan
While a needed seven-vote majority seemed to be secured going into Monday’s meeting, the vote was uncertain and displayed a coming together among councilmembers who have been divided on past proposals.