Edoc Acquisition Reports Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Edoc Acquisition Corp. has received a notice from Nasdaq due to the late filing of its quarterly report on Form 10-Q. The notice is a standard procedure for non-compliance with Nasdaq's filing requirements, which could lead to delisting if not remedied.
December 06, 2023 | 10:30 pm
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Edoc Acquisition Corp. has been notified by Nasdaq about the late submission of its quarterly report, which could potentially lead to delisting if the issue is not addressed promptly.
The receipt of a notice from Nasdaq for a late filing is a negative signal to investors, indicating potential governance or operational issues. It puts the company at risk of further regulatory action, including delisting, which can negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100