regulatory
confidence high
sentiment negative
materiality 0.70
OpGen receives Nasdaq notice for late Q1 10-Q, adding delisting risk
CapForce Inc.
- Nasdaq notified OpGen on May 20, 2024 of non-compliance with Rule 5250(c)(1) due to delinquent Form 10-Q.
- Company previously failed to timely file 2023 10-K and maintain minimum $1.00 bid price.
- Nasdaq Hearings Panel previously granted until June 3, 2024 to regain compliance; now considering additional basis for delisting.
- OpGen plans to file the delinquent Form 10-Q as soon as practicable; no assurance of timing or outcome.
- Notice has no immediate effect on common stock listing on Nasdaq Capital Market.