Tempo Automation Gets Nasdaq Notification Of Noncompliance Due To Delay In Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Tempo Automation has received a Nasdaq notification of noncompliance due to a delay in its Form 10-Q filing. The company has until October 16, 2023, to submit a plan to regain compliance with the Periodic Filing Rule.
August 23, 2023 | 9:32 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tempo Automation's delay in Form 10-Q filing has led to a Nasdaq noncompliance notification. The company has 60 days to regain compliance.
The delay in filing Form 10-Q is a serious issue as it can lead to delisting from the Nasdaq if not rectified within the given timeframe. This could negatively impact the company's stock price in the short term as investors may perceive this as a sign of potential financial instability or lack of transparency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100