iMedia Brands Announces Receipt Of Second Nasdaq Non Compliance Notice; Nasdaq Reiterated The Company Has Until July 3, 2023, To Submit A Plan To Regain Compliance With The Rule
Portfolio Pulse from Benzinga Newsdesk
iMedia Brands received a second Nasdaq non-compliance notice due to its failure to file Form 10-Q for the period ended April 29, 2023. The company has until July 3, 2023, to submit a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1).
June 23, 2023 | 8:03 pm
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iMedia Brands received a second Nasdaq non-compliance notice, which may impact its stock price if it fails to regain compliance by July 3, 2023.
iMedia Brands' receipt of a second Nasdaq non-compliance notice indicates that the company is struggling to meet regulatory requirements. If iMedia fails to submit a satisfactory plan to regain compliance by the deadline, it may face delisting, which would negatively impact its stock price.
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