regulatory
confidence high
sentiment negative
materiality 0.60
IMAQ receives Nasdaq non-compliance notice for late annual report filing
International Media Acquisition Corp.
- Nasdaq notified IMAQ on July 9, 2024, of non-compliance with Listing Rule 5250(c)(1) for failing to file Form 10-K for period ended March 31, 2024.
- Company has 60 days to submit a plan; Nasdaq may grant an exception until December 30, 2024 to regain compliance.
- No immediate impact on listing or trading; company is working with auditors to file as soon as possible.