regulatory
confidence high
sentiment negative
materiality 0.65
Primis Financial receives Nasdaq delinquency notice for late filings; granted until Sept 30
Primis Financial Corp.
- Received Nasdaq notice on Aug 21, 2024 for failure to timely file 2023 10-K, Q1 and Q2 2024 10-Qs.
- Nasdaq previously granted a compliance plan; new deadline is Sept 30, 2024 to file all three reports.
- Company will submit plan update by Sept 5, 2024; no immediate effect on listing of FRST common stock.
- Delays due to restatement of financial statements and ongoing consultation with SEC's Office of the Chief Accountant.