Latch shares are trading lower after the company announced that it notified the Nasdaq that it does not anticipate meeting the delinquent filing deadline.
Portfolio Pulse from Benzinga Newsdesk
Latch, Inc. has informed Nasdaq that it does not expect to meet the deadline for filing delinquent financial reports. As a result, the company's shares are trading lower.
August 04, 2023 | 11:57 am
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Latch's inability to meet the delinquent filing deadline has led to a decrease in its share price.
Companies listed on Nasdaq are required to file regular financial reports. Failure to do so can lead to penalties, including delisting. Latch's announcement that it will not meet the filing deadline has negatively impacted investor confidence, leading to a drop in its share price.
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