Freedom Holding receives Nasdaq notification of noncompliance

Freedom Holding Corp. announced that on June 15 the company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market stating that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to have timely filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2023 with the Securities and Exchange Commission. The non-compliance letter provides the company with 60 calendar days, or until August 14, to submit to Nasdaq a plan to regain compliance in accordance with Nasdaq’s listing requirements. “The company has been working diligently to complete the procedures relating to its year-end reporting process that are necessary for completion of the audit of its financial statements and expects to file the Fiscal 2023 10-K with the SEC as soon as practicable within the 60-day period to regain compliance with the Nasdaq Listing Rule,’ Freedom Holding stated.