Ra Medical Systems Receives Notice From NYSE American Regarding Late Filing Of Quarterly Report On Form 10-Q
Portfolio Pulse from Happy Mohamed
Ra Medical Systems (NYSE:RMED) received a notice from NYSE Regulation for non-compliance with listing standards due to the late filing of its Quarterly Report on Form 10-Q for Q1 2023. The delay is related to the accounting for the acquisition of Catheter Precision and the decline in RMED's common stock trading price since the acquisition.
May 30, 2023 | 8:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ra Medical Systems faces non-compliance notice from NYSE due to late filing of Q1 2023 report, related to Catheter Precision acquisition accounting.
The late filing of the Quarterly Report on Form 10-Q for Q1 2023 puts Ra Medical Systems in non-compliance with NYSE listing standards, which may negatively impact investor confidence and the stock price. The delay is related to the accounting for the acquisition of Catheter Precision and the decline in RMED's common stock trading price since the acquisition, which could further affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100