other_material
confidence high
sentiment negative
materiality 0.70
Quantum receives Nasdaq deficiency notice for late 10-K filing; 60 days to cure
QUANTUM CORP /DE/
- Nasdaq notified Quantum on July 17, 2025 of non-compliance with Rule 5250(c)(1) due to delayed FY 2025 10-K.
- Company previously filed NT 10-K on June 30 citing accounting review of revenue contracts and standalone selling price.
- Quantum has 60 days from notice to file the 10-K or submit a compliance plan to Nasdaq.
- Listing and trading of QMCO common stock on Nasdaq continues for now, subject to other requirements.
- Company states it is working diligently to complete the review and file the Annual Report as soon as possible.
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