Northwest Pipe receives Nasdaq non-compliance notice for audit committee composition

NWPX Infrastructure, Inc.

Nasdaq notified NWPX that its Audit Committee lacks three independent directors due to William Yearsley's resignation.
Cure period expires on earlier of next annual shareholders' meeting or February 11, 2023 (or August 10, 2022 if meeting before August 10, 2022).
Company expects to evidence compliance within cure period; no immediate impact on Nasdaq listing.
Company working diligently to fill the vacancy to meet Nasdaq Listing Rule 5605.

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