Item 8.01. Other Events

On January 22, 2021, Kaspien Holdings Inc. (the "Company") received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company's market value of listed securities was greater than $35,000,000 for ten consecutive business days, from January 4, 2021 to January 21, 2021. Accordingly, the Company has regained compliance with the alternative requirement set forth under Nasdaq Listing Rule 5550(b)(2) and the matter is now closed.

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