regulatory
confidence high
sentiment negative
materiality 0.70
Primis Financial receives Nasdaq delisting notice, files restated 2022 10-K/A, targets Oct 11 for 2023 10-K
Primis Financial Corp.
- Filed restated 2022 Form 10-K/A on Oct 4; expects to file 2023 Form 10-K on Oct 11.
- Targets filing Q1 and Q2 2024 Form 10-Qs by Oct 31, which would regain Nasdaq compliance.
- Received delisting notice Oct 3; appealed Oct 8; trading stay through Oct 23; requested extended stay until Panel ruling.
- Company does not anticipate suspension or delisting before completing filings.
- Nasdaq noncompliance due to failure to file annual and quarterly reports within 180-day exception period ended Sep 30, 2024.