regulatory
confidence high
sentiment negative
materiality 0.85
Yunhong Green CTI faces Nasdaq delisting for failure to file Q1 and Q2 10-Qs
YUNHONG GREEN CTI LTD.
- Received Nasdaq notices on May 22 and Aug 19, 2024 for missing March 31 and June 30, 2024 10-Qs.
- Prior auditor BF Borgers suspended by SEC on May 3, 2024; new auditor Wolf & Company must re-audit 2023 balances.
- Company granted extension to file delinquent reports by Sept 27, 2024; second notice requires plan update by Sept 3, 2024.
- Until audit work is completed, company cannot issue any 2024 filings.
- Failure to satisfy extension terms will result in delisting, subject to appeal to Nasdaq Hearings Panel.