- Nasdaq notifies Republic First Bancorp ( NASDAQ: FRBK ) of non-compliance with its listing rules after failing to hold an annual meeting of shareholders no later than one year after the end of the company’s fiscal year-end.
- Earlier on Nov.10, Nasdaq Hearings Panel had granted the company’s request for an extension until December 30, 2022 (which was subsequently extended to January 15, 2023) to file its delinquent Quarterly Reports on Form 10-Q with the Commission, with specified deadlines for each of the reports.
- The company plans to request an extension to comply with the Rule, in the event if the panel does not grant extension, the company will be subject to delisting on The Nasdaq Global Market.
- Shares are down 5.5% after-hours .
For further details see:
Republic First Bancorp shares slide after receiving notice of non-compliance from Nasdaq