LTCH - Latch gets Nasdaq letter for listing non-compliance
- Latch ( NASDAQ: LTCH ) said Monday that on February 7, 2023, it received a Staff Delisting Determination from the Listing Qualifications Department of Nasdaq.
- The Staff Determination was issued because the company did not filed its Second Quarter Form 10-Q and Third Quarter Form 10-Q by the extension deadline.
- Nasdaq notified Latch that it initiated a process that could result in delisting of the company’s securities from Nasdaq due to non-compliance of listing rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the SEC.
- The Staff Determination has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company’s shares of common stock or warrants.
- The company intends to appeal the Staff Determination before a Nasdaq Hearings Panel and seek a further stay of any suspension or delisting action pending the hearing process in accordance with the procedures set forth in the Staff Determination.
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Latch gets Nasdaq letter for listing non-compliance