Smith-Midland Reports Receipt Of Nasdaq Letter Due To Delay In Filing Form 10-Q; Engages New Audit Firm BDO
Portfolio Pulse from Benzinga Newsdesk
Smith-Midland Corporation (SMID) has received a letter from Nasdaq due to a delay in filing its Form 10-Q. The company has engaged a new audit firm, BDO, to address the issue.
August 23, 2023 | 9:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Smith-Midland's delay in filing Form 10-Q has led to a letter from Nasdaq, potentially affecting its stock price. The company has engaged BDO as its new audit firm.
The delay in filing Form 10-Q is a regulatory issue that could potentially lead to penalties or other negative consequences for Smith-Midland. This news could negatively impact investor sentiment, leading to a potential decrease in SMID's stock price in the short term. The engagement of a new audit firm indicates the company's efforts to address the issue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100