Laser Photonics gets Nasdaq compliance letters related to late filing

Laser Photonics announced that on April 17 it received a notice from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market stating that since the Company has not yet filed its Form 10-K for the year ended December 31 and it no longer complies with Nasdaq’s Listing Rules specifically Listing Rule 5250(c)(1), for continued listing. Under the Rules, the Company has 60 calendar days to submit a plan to regain compliance, and if Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing’s due date, or until October 14 to regain compliance. Please note that any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the period.