Laser Photonics (LASE) announced that it received a notice from Nasdaq Listing Qualifications department of Nasdaq stating that since the company has not yet filed its Form 10-K for the year ended December 31, 2024, it no longer complies with Nasdaq’s Listing Rules, specifically Listing Rule 5250, 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 13, to regain compliance.
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