Chicken Soup For The Soul Entertainment Announces Receipt Of Nasdaq Listing Deficiency Notice
Portfolio Pulse from Benzinga Newsdesk
Chicken Soup for the Soul Entertainment (CSSE) received a Nasdaq listing deficiency notice for not filing its Form 10-Q on time. CSSE has 60 days to submit a compliance plan, which if accepted by Nasdaq, could grant an extension up to May 20, 2024, to regain compliance. There is no assurance that Nasdaq will accept the plan or that CSSE will maintain compliance with other listing requirements.
November 21, 2023 | 11:28 pm
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CSSE received a notice from Nasdaq for not filing its Form 10-Q on time, which could lead to potential delisting if compliance is not regained.
The receipt of a deficiency notice from Nasdaq is a negative event that indicates potential issues with financial reporting and could lead to delisting if not resolved. This creates uncertainty for investors and could negatively impact the stock price in the short term.
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