Near Intelligence Receives Notification From Nasdaq Related To Delayed Form 10-Q Filing
Portfolio Pulse from Benzinga Newsdesk
Near Intelligence has been notified by Nasdaq due to a delay in filing its Form 10-Q. The company is required to submit a plan to regain compliance with Nasdaq's listing rules within 60 calendar days.

November 20, 2023 | 9:39 pm
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NEGATIVE IMPACT
Near Intelligence has received a notice from Nasdaq because it has not filed its Form 10-Q on time. The company must now submit a plan to regain compliance within 60 days.
The delay in filing the Form 10-Q is a negative regulatory event that could undermine investor confidence in Near Intelligence's management and operational efficiency. This notice from Nasdaq may lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. The company's ability to submit a satisfactory compliance plan within the given timeframe will be crucial in determining the longer-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100