regulatory
confidence high
sentiment negative
materiality 0.75
Primis Financial receives Nasdaq stay extension until Dec 3 hearing on delisting
Primis Financial Corp.
- Nasdaq extended temporary stay of delisting pending Panel hearing on December 3, 2024.
- Delisting notice issued Oct 3 for failure to file Q1 2024 and Q2 2024 Form 10-Qs; Form 10-K filed Oct 15.
- Company appealed on Oct 8; hearing requested; stay now runs until final Panel decision.
- Primis continues working to file Q1 and Q2 Form 10-Qs promptly.
- Non-compliance stems from ongoing restatement and SEC pre-clearance process.