Latest news with #NasdaqListingRule5250
Business Insider
a day ago
- Business
- Business Insider
Marin Software receives delisting notification from Nasdaq
MRIN) announced that the company received a notice from Nasdaq stating that Nasdaq had determined that the company did not provide a definitive plan evidencing its ability to achieve compliance with the Nasdaq Listing Rule 5250, which requires listed companies to timely file all required periodic reports with the SEC. The company had previously submitted a letter to Nasdaq requesting an exception to extend the company's listing on Nasdaq for 180 days, until October 13, 2025. As a result of Nasdaq's determination, the Notice states that (i) the Company's request for continued listing on Nasdaq was denied; the company's securities will be delisted from Nasdaq trading of the company's common stock will be suspended at the opening of business on June 26 and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on Nasdaq, unless the company appeals these determinations. The company does not expect to appeal Nasdaq's determinations and expects Nasdaq to file a Form 25-NSE with the SEC to remove the company's common stock from listing and registration on Nasdaq. Confident Investing Starts Here:
Business Wire
2 days ago
- Business
- Business Wire
Marin Software Incorporated Receives Nasdaq Notification Regarding Delisting From Nasdaq
SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Marin Software Incorporated (NASDAQ: MRIN) ('Marin,' 'we,' 'our,' or the 'Company'), a provider of digital marketing software for performance-driven advertisers and agencies, announces that, on June 17, 2025, the Company received a notice (the 'Notice') from the Listing Qualifications Department of the Nasdaq Stock Market LLC ('Nasdaq') stating that Nasdaq had determined that the Company did not provide a definitive plan evidencing its ability to achieve compliance with the Nasdaq Listing Rule 5250(c)(1) (the 'Listing Rule'), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the 'SEC'). The Company had previously submitted a letter to Nasdaq requesting an exception to extend the Company's listing on Nasdaq for 180 days, until October 13, 2025. As a result of Nasdaq's determination, the Notice states that (i) the Company's request for continued listing on Nasdaq was denied; (ii) the Company's securities will be delisted from Nasdaq; (ii) trading of the Company's common stock will be suspended at the opening of business on June 26, 2025; and (iii) a Form 25-NSE will be filed with the SEC, which will remove the Company's securities from listing and registration on Nasdaq, unless the Company appeals these determinations. The Notice further states that the Company continues to be delinquent in the timely filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, as previously communicated by Nasdaq on April 16, 2025 and May 21, 2025, respectively. The Company does not expect to appeal Nasdaq's determinations and expects Nasdaq to file a Form 25-NSE (Notification of Removal from Listing) with the SEC to remove the Company's common stock from listing and registration on Nasdaq. Further, the Company does not currently intend to apply for its common stock to be traded on any of the markets operated by the OTC Markets Group Inc. due to the associated costs and in light of both the previously announced potential transaction the Company is currently exploring whereby a private equity firm would acquire substantially all of the assets of the Company, which may be through a voluntary reorganization transaction (the 'Potential Transaction'), as well as the voluntary dissolution and liquidation of the Company (the 'Dissolution') that was previously approved by the Company's stockholders. There can be no assurance that the Potential Transaction will be entered into or ultimately be successful, and the Company may abandon pursuing the Potential Transaction and instead pursue the Dissolution as previously described in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on May 7, 2025 (the 'Proxy Statement'). For additional information regarding the Nasdaq notification and related terms, please see the Current Report on Form 8-K that the Company filed with the SEC today, which is available at Forward Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words 'believe,' 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plan,' 'project,' 'prospects,' 'outlook,' and similar words or expressions, or future or conditional verbs such as 'will,' 'should,' 'would,' 'may,' and 'could' are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Marin disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise, except as required by applicable law. Actual results may differ from those indicated by such forward-looking statements the risks described under 'Risk Factors' in the Company's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024, the Proxy Statement under the heading 'Risk Factors to be Considered by Stockholders in Deciding Whether to Approve the Plan of Dissolution,' and the Company's future reports to be filed with the SEC. The forward-looking statements in this press release are based on information available to Marin as of the date hereof. The Company disclaims any obligation to update any forward-looking statements, except as required by law.
Business Upturn
5 days ago
- Business
- Business Upturn
Graphjet Technology Discloses Stay of Suspension and Nasdaq Hearing Date
By GlobeNewswire Published on June 17, 2025, 04:52 IST Innovative technological leader to oversee all technical, operational, customer support and business development initiatives KUALA LUMPUR, Malaysia, June 16, 2025 (GLOBE NEWSWIRE) — Graphjet Technology ('Graphjet' or 'the Company') (Nasdaq:GTI), a leading developer of patented technologies to produce graphite and graphene directly from agricultural waste, today announced that the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ('Nasdaq') on June 12, 2025 that notified the Company that Nasdaq's previously disclosed determination to suspend the trading of the Company's Class A Ordinary Shares (the 'Common Stock') has been stayed, pending a final written decision by the Nasdaq Hearing Panel (the 'Panel'). The hearing (the 'Hearing') before the Panel will be held on July 17, 2025, meaning that the Company's ordinary shares will continue to trade on Nasdaq at least until the date of the Hearing. The Company previously disclosed that it received a determination letter ('Notice') on June 4, 2025 from Nasdaq indicating that the Company was not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the 'Listing Rule') as a result of (i) the Company's delay in filing its Annual Report on Form 10-K for the period ended September 30, 2024 with the Securities and Exchange Commission (the 'SEC') and (ii) the Company's delay in filing its Quarterly Report on Form 10-Q for the period ended December 31, 2024. The Notice also stated that the Company is not in compliance with the Listing Rule due to the Company's delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2025. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. About Graphjet Technology Graphjet Technology (Nasdaq: GTI) was founded in 2019 in Malaysia as an innovative graphene and graphite producer. Graphjet Technology has the world's first patented technology to recycle palm kernel shells generated in the production of palm seed oil to produce single layer graphene and artificial graphite. Graphjet's sustainable production methods utilizing palm kernel shells, a waste agricultural product that is common in Malaysia, will set a new shift in graphite and graphene supply chain of the world. For more information, please visit Cautionary Statement Regarding Forward-Looking Statements The information in this press release contains certain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'intend,' 'strategy,' 'aim,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result' and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this Current Report on Form 8-K, including but not limited to: (i) changes in the markets in which Graphjet competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Graphjet will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) Graphjet is beginning the commercialization of its technology and it may not have an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Graphjet's industry and market size; (v) financial condition and performance of Graphjet, including the anticipated benefits, the implied enterprise value, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Graphjet; (vi) Graphjet's ability to develop and manufacture its graphene and graphite products; (vii) Graphjet's ability to return to and maintain compliance with Nasdaq continued listing standards; and (viii) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the 'Risk Factors' section of the documents to be filed by Graphjet from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Graphjet may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Graphjet does not give any assurance that Graphjet will achieve its expectations. Graphjet Technology Contacts Investors [email protected] Media [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Insider
10-06-2025
- Business
- Business Insider
JBDI Holdings regains compliance with Nasdaq
JBDI Holdings (JBDI) announced that it has received notice from Nasdaq informing the company that it has regained compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1), and that the company was therefore in compliance with the Nasdaq Capital Market's listing requirements. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Business Insider
07-06-2025
- Business
- Business Insider
Captivision receives staff determination letter from Nasdaq
Captivision (CAPT) announced that on June 4, 2025, it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it had not regained compliance with the Market Value of Listed Securities Requirement by June 2, 2025. The Determination Letter has no immediate effect and will not immediately result in the suspension of trading or delisting of the company's securities. Additionally, on May 22, 2025, Staff notified the company that since it had not yet filed its Form 20-F for the period ended December 31, 2024, it no longer complied with Nasdaq Listing Rule 5250(c)(1). However, pursuant to Listing Rule 5810(c)(2), this deficiency serves as a separate and additional basis for delisting, and the company should also address this concern before a Hearings Panel if it appeals Staff's determination. Confident Investing Starts Here:
