Moving iMage Technologies receives NYSE American delisting notice for late 10-Q; restating prior financials

MOVING iMAGE TECHNOLOGIES INC.

Notice received Feb 23, 2022 for failure to file Q4 2021 10-Q due Feb 22, 2022.
Restatement of unaudited Q3 2021 and Q3 2020 financials due to material misstatement.
Restatement will impact liabilities, equity, net loss, and loss per share for those periods.
Company has six-month initial cure period until Aug 23, 2022 to file the delayed 10-Q.
Stock will trade with .LF indicator and be listed as noncompliant during cure period.

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