PCB Bancorp receives Nasdaq notice for late Q1 10-Q filing; expects to regain compliance

PCB BANCORP

Received Nasdaq notice on May 22, 2025 for failure to timely file Q1 2025 Form 10-Q under Listing Rule 5250(c)(1).
Delay due to time needed to value Securities Purchase Option Agreement for Series C Preferred Stock issued to U.S. Treasury under ECIP.
No immediate listing effect; 60 days until July 20, 2025 to submit compliance plan; Nasdaq may grant extension to Nov 17, 2025.
Company expects to file Q1 10-Q prior to 60-day deadline for compliance plan submission.

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