PARTS iD Receives Notice Of Non-Compliance From NYSE American
Portfolio Pulse from Benzinga Newsdesk
PARTS iD, Inc. (NYSE:ID) has received a notice from NYSE American for not filing its Q3 Form 10-Q on time. The company has six months to file the report and regain compliance. Failure to do so may result in an additional six-month period to cure the deficiency. PARTS iD is working to complete the financial statements for the Form 10-Q and intends to file within the six-month period. The notice does not immediately affect the listing of PARTS iD's securities, but there is no guarantee of regaining compliance.
November 27, 2023 | 9:11 pm
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NEGATIVE IMPACT
PARTS iD, Inc. is at risk of non-compliance with NYSE American listing standards due to a delayed Q3 Form 10-Q filing. The company has six months to file and regain compliance.
The delay in filing the Form 10-Q is a negative signal to investors, indicating potential issues with the company's financial reporting process. This could lead to decreased investor confidence and a potential decline in the stock price in the short term. The company's ability to regain compliance within the given timeframe will be crucial to maintaining its listing and investor trust.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100