regulatory
confidence high
sentiment negative
materiality 0.70
VirTra receives Nasdaq delisting notice for late Q1 2022 Form 10-Q
VirTra, Inc
- Nasdaq notified VirTra on May 17, 2022, for non-compliance with Listing Rule 5250(c)(1) due to untimely filing.
- Company's common stock listing on Nasdaq is not immediately affected, but delisting risk exists if compliance not regained.
- VirTra has 60 calendar days to submit a plan to Nasdaq to regain compliance.
- If plan accepted, Nasdaq may grant up to 180 days from the Form 10-Q due date to file.
- Co-CEO Bob Ferris stated company is working with auditor to finalize both 10-K for 2021 and 10-Q for Q1 2022.