Metalpha Receives Notification of Deficiency from Nasdaq, Relating to Delayed Filing of Annual Report
Portfolio Pulse from Benzinga Newsdesk
Metalpha Technology Holding Limited (NASDAQ:MATH) has received a notice of deficiency from Nasdaq due to the delayed filing of its annual report for the fiscal year ended March 31, 2023. The company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC. This notice has no immediate effect on the listing or trading of Metalpha's ordinary shares on the Nasdaq Capital Market.
August 21, 2023 | 9:45 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Metalpha has received a notice of deficiency from Nasdaq due to delayed filing of its annual report. This does not immediately affect the company's listing or trading on Nasdaq.
The notice of deficiency from Nasdaq is a negative signal for Metalpha. While it does not immediately affect the company's listing or trading, it indicates potential regulatory issues that could impact investor confidence and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100