Primis Financial announces notification of delinquency with Nasdaq

On April 4, 2024, Primis Financial Corp. received a letter from The NASDAQ Stock Market LLC indicating that, as a result of not having timely filed its Annual Report on Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission, the company is not in compliance with NASDAQ Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the SEC. As previously disclosed in the Notification of Late Filing on Form 12b-25 filed on March 18, 2024 and Amendment No. 1 filed April 1, 2024, the Company expected to receive the Letter because it had not timely filed the 2023 Form 10-K with the SEC and the Company had determined that it required additional time in connection with the restatement of certain financial statements and ongoing “pre-clearance” process with the Office of the Chief Accountant of the Securities and Exchange Commission.