regulatory
confidence high
sentiment negative
materiality 0.80
Urban-gro receives Nasdaq deficiency notice for late Q2 10-Q due to restatement
urban-gro, Inc.
- Nasdaq notice on Aug 20, 2024 for failure to file Q2 2024 10-Q by Aug 15 deadline.
- Company plans to restate 2022 and 2023 financials due to deferred tax accounting errors from share-purchase acquisitions.
- Has until Oct 21, 2024 to submit a compliance plan; Nasdaq may grant up to Feb 18, 2025 to regain compliance.
- Notice has no immediate effect on Nasdaq Capital Market listing of UGRO common stock.