2023-08-21 06:34:11 ET
- Nasdaq has notified Capstone Green Energy ( NASDAQ: CGRN ) that the company is not in compliance with Nasdaq listing rule as the company has not filed its quarterly report on form 10-Q for the quarter ended June 30, 2023 and form 10-K for the fiscal year ended March 31, 2023.
- The Company has 60 calendar days to submit a plan to regain compliance, and if the plan is accepted, Nasdaq may grant an exception of up to 180 calendar days from the Form 10-Q's due date, or until February 12, 2024, to regain compliance.
- The company had earlier received notification from Nasdaq stating that for the last 30 consecutive business days, the market value of listed securities was below the minimum of $35 million required for continued listing on the Nasdaq Capital Market, the Company was provided a period of 180 calendar days, or until September 25, 2023, to regain compliance.
- Source: Press Release
For further details see:
Capstone Green Energy receives another notification of deficiency from Nasdaq