regulatory
confidence high
sentiment negative
materiality 0.60
Wrap Technologies receives third Nasdaq delinquency notice; must file all overdue reports by Oct 14, 2024
WRAP TECHNOLOGIES, INC.
- Nasdaq notified Wrap on Aug 16, 2024 of non-compliance for failing to file Q2 10-Q (semi-annual report).
- Company now delinquent on FY2023 10-K, Q1 10-Q, and Q2 10-Q; prior exceptions expire Aug 30, 2024.
- Must submit updated compliance plan by Sep 3, 2024; Nasdaq may grant extension to Oct 14, 2024.
- No immediate delisting, but failure to regain compliance risks Nasdaq listing removal.
- CEO Scot Cohen acknowledges the notice; company evaluating options to regain compliance.