Nisun International Enterprise Development Group announced that it received a notice of non-compliance from Nasdaq Stock Market on May 17 stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250, which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company’s Class A common shares on Nasdaq. Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 20-F’s due date, or until November 11, 2024, to regain compliance. The Company is fully committed to regaining compliance and satisfying all of Nasdaq’s listing requirements and working to file its Annual Report on Form 20-F as soon as practicable.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.