regulatory
confidence high
sentiment negative
materiality 0.80
Immersion receives second Nasdaq delinquency notice; faces delisting risk for late 10-Q and 10-K
IMMERSION CORP
- Received Nasdaq notice on Sept 29, 2025 for late filing of Q3 FY2025 Form 10-Q; must submit compliance plan by Oct 20, 2025.
- Earlier 10-K notice from Aug 20, 2025; if plan accepted, company has until Feb 9, 2026 to regain compliance.
- Late filings stem from ongoing audit committee investigations and planned restatement of previously-issued financial information.
- Investigations involve Immersion and consolidated subsidiary Barnes & Noble Education (BNED); restatement will affect prior periods.
- Common stock continues trading on Nasdaq during grace period subject to other continued listing requirements.