Staffing 360 Solutions Receives Nasdaq Notification Related to Non-Timely Filing Of 2023 Q3 Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Staffing 360 Solutions, Inc. (STAF) has received a notification from Nasdaq for not filing its Q3 Form 10-Q on time, which puts the company at risk of non-compliance with Nasdaq Listing Rule 5250(c)(1). The company has until December 22, 2023, to provide a written explanation to the Nasdaq Hearings Panel. Staffing 360 expects to file the overdue report by the end of the year and is currently up to date with all other SEC filings.
November 20, 2023 | 1:41 pm
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Staffing 360 Solutions, Inc. is at risk of non-compliance with Nasdaq due to a delayed Q3 Form 10-Q filing. The company must respond by December 22, 2023, and plans to file the report by the end of the year.
The delay in filing the Q3 Form 10-Q puts Staffing 360 Solutions at risk of facing penalties from Nasdaq, including potential delisting. This news can negatively impact investor confidence and the stock price in the short term as it reflects issues with financial reporting and compliance.
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