Nocera, Inc. Sells Montgomery County Land; Nasdaq Confirms Compliance

What Happened

• Nocera, Inc. filed an 8-K on August 13, 2026 reporting that it completed the sale of approximately 231 acres of real property in Montgomery County, Alabama to Timothy Lowry Rudder and Catherine Leddy Rudder on August 7, 2026. The Company received $700,000 in cash and net proceeds of about $654,604 after seller settlement charges (~$42,175). The Property was sold “as is” with no representations or warranties.
• The Company also reported that Nasdaq staff sent a letter dated August 10, 2026 confirming the Company now meets Nasdaq’s minimum stockholders’ equity listing requirement based on its Form 10-Q for the period ended June 30, 2026.

Key Details

• Sale price: $700,000 cash; net cash proceeds ≈ $654,604 after ~ $42,175 in seller charges (real estate commissions and tax adjustments).
• Book value: Property carried at ~ $877,870 on June 30, 2026; Company expects to record a loss on sale of ≈ $178,000 (before transaction costs) in the quarter ending Sept 30, 2026.
• Nasdaq: On April 17, 2026 Nasdaq notified Nocera of noncompliance; on Aug 10, 2026 Nasdaq confirmed compliance based on stockholders’ equity of $5,435,030 reported in the June 30, 2026 10-Q.
• Use of proceeds: Company intends to use net proceeds for general corporate purposes and working capital. The land was the Company’s sole land holding and not used in its primary fish trading and e-commerce operations.

Why It Matters

• The land sale monetizes a non-operating asset and provides roughly $655k of cash for working capital or corporate needs, but will generate a near-term accounting loss (~$178k) reflected in the upcoming quarterly results.
• The Nasdaq confirmation removes a listing qualification concern, meaning the Company meets Nasdaq’s minimum stockholders’ equity standards and the listing matter is closed, which reduces near-term listing-related regulatory uncertainty for shareholders.