Item 8.01 Other Events.
On May 18, 2023, Medalist Diversified REIT, Inc. (the "Company") received
written notice (the "Notification Letter") from the Listing Qualifications Staff
of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company had regained
compliance with the minimum bid price requirement of Nasdaq Listing Rule
5550(a)(2) (the "Minimum Bid Price Requirement") for continued listing on The
Nasdaq Capital Market because the Company's common stock had a closing bid price
of at least $1.00 per share for ten consecutive business days. Accordingly, the
Listing Qualifications Staff considers the matter closed.
On May 22, 2023, the Company issued a press release announcing that the Company
received the Notification Letter and regained compliance with the Minimum Bid
Price Requirement. A copy of the press release is attached to this Form 8-K as
Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 8.01 and Exhibit 99.1 attached hereto is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that Section, nor shall it be deemed incorporated
by reference into any filing of the Company under the Securities Act of 1933, as
amended, or the Exchange Act, whether made before or after the date hereof,
regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated May 22, 2023
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL Document
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