regulatory
confidence high
sentiment negative
materiality 0.85
Ocean Biomedical faces Nasdaq delisting over late Q3 2024 10-Q; hearing Dec 16
Ocean Biomedical, Inc.
- Received Nasdaq notice on Nov 18, 2024 for failure to file Form 10-Q for period ended Sep 30, 2024.
- This is an additional basis for delisting; prior delinquencies include 2023 10-K and Q1/Q2 2024 10-Qs.
- Nasdaq Hearings Panel will consider the matter at hearing scheduled for December 16, 2024.
- Company intends to file delinquent reports as soon as practicable; no immediate effect on trading.