Arcimoto, Inc. Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Arcimoto, Inc. (FUV) received a notice from Nasdaq on November 22, 2023, for not filing its Q3 report on time, violating Nasdaq Listing Rule 5250(c)(1). The delay has no immediate effect on its stock's listing or trading, but continued delays could impact it. Arcimoto must submit a compliance plan by January 22, 2024, and file the overdue report by May 20, 2024. The company plans to file the report as soon as possible.
November 28, 2023 | 9:22 pm
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Arcimoto, Inc. is at risk of Nasdaq delisting due to late Q3 report filing, with a plan for compliance due by January 22, 2024, and the overdue report by May 20, 2024.
The notice from Nasdaq regarding the late filing of the quarterly report puts Arcimoto at risk of non-compliance, which could lead to delisting if not addressed. This creates uncertainty for investors and could negatively impact the stock price in the short term. However, the company's intention to file the report as soon as practicable may mitigate some concerns.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100