Arcimoto gets Nasdaq notice on timely filing of 10-Q

Arcimoto announced that on November 22, it received a notice from The Nasdaq Stock Market stating that because the Company has not yet filed its quarterly report on Form 10-Q for the period ended September 30 the the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission.The current notice will have no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the Company’s common stock. Nasdaq indicated that the Company must: (i) no later than January 22 , submit a plan to regain compliance with respect to the filing requirement; and (ii) on or before May 20, file the delinquent Form10-Q. The Company intends to file the delinquent Form 10-Q as soon as practicable.