ZW Data Action Announces Receipt Of Nasdaq Non-Compliance Notice
Portfolio Pulse from Benzinga Newsdesk
ZW Data Action Technologies Inc. (CNET) received a Nasdaq non-compliance notice for not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, on time. The company has until June 17, 2024, to file the report or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to October 14, 2024, for compliance. Failure to comply may result in delisting. CNET aims to file the report by May 31, 2024.
April 19, 2024 | 8:00 pm
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ZW Data Action Technologies Inc. received a non-compliance notice from Nasdaq for not filing its 2023 Annual Report on time, risking delisting if not resolved by specified deadlines.
Receiving a non-compliance notice from Nasdaq typically has a negative impact on investor confidence and can lead to a decrease in stock price in the short term. The risk of delisting adds further pressure. However, the company's intention to file by May 31, 2024, may mitigate some concerns.
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