regulatory
confidence high
sentiment negative
materiality 0.65
IMAC Holdings receives Nasdaq deficiency notices for audit committee vacancy and delayed 10-Q filing
IMAC Holdings, Inc.
- Audit Committee Notice on Nov 21, 2024: vacancy from Cary Sucoff's resignation (Sep 9, 2024) violates Nasdaq Listing Rule 5605.
- Compliance deadline for audit committee: earlier of next annual meeting or Sep 9, 2025, or if meeting before Mar 10, 2025, then Mar 10, 2025.
- Periodic Report Notice on Nov 22, 2024: failure to timely file Form 10-Q for Q3 2024 violates Nasdaq Listing Rule 5250(c)(1).
- Must submit a plan to regain compliance by Jan 21, 2024 (filing states 2024); if accepted, Nasdaq may grant exception until May 19, 2025.
- No immediate effect on stock listing; risk of delisting if compliance not regained within deadlines.