Skillz Receives NYSE Notice Regarding Late Form 10-K Filing
Portfolio Pulse from Benzinga Newsdesk
Skillz Inc. (NYSE:SKLZ) received a notice from the NYSE on April 2, 2024, for not complying with the timely filing criteria by failing to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The NYSE Notice does not immediately affect the listing of SKLZ's common stock but requires the company to file the Form 10-K within six months to regain compliance. The NYSE may grant an extension or commence delisting proceedings depending on circumstances.
April 08, 2024 | 8:32 pm
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Skillz Inc. received a notice from the NYSE for not filing its Annual Report on time, which could lead to delisting if not resolved within six months.
The notice from the NYSE regarding the late filing of the Annual Report is a significant regulatory issue that directly impacts Skillz Inc.'s compliance with NYSE listing standards. This situation introduces uncertainty regarding the company's ability to maintain its listing status, which can negatively affect investor confidence and the stock price in the short term. The potential for delisting, even with the possibility of an extension, is a critical concern for investors.
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