regulatory
confidence high
sentiment negative
materiality 0.80
Immersion receives Nasdaq delisting notice for delinquent filings; will seek hearing
IMMERSION CORP
- Received Staff Determination Letter on Feb 10, 2026 for non-compliance with Nasdaq Listing Rule 5250(c)(1).
- Delayed filings: FY 2025 10-K (April 30, 2025) and Q1 & Q2 2026 10-Qs (July 31, Oct 31, 2025).
- Audit committee investigations at Immersion and BNED will cause restatement of prior financials.
- Company will request a hearing and an extended stay; no immediate suspension or delisting.
- Did not meet the compliance exception granted by Nasdaq on Feb 9, 2026.