Alpine 4 Holdings Announces Receipt Of Nasdaq Notice Of Additional Staff Determination; Co Currently Plans To File Both The Form 10-Q And The 2023 10-K As Soon As Practicable And To Submit A Plan To Nasdaq Detailing The Co's Plan To Regain Compliance With The Listing Rule
Portfolio Pulse from Benzinga Newsdesk
Alpine 4 Holdings received a notice from Nasdaq for not filing its 2023 Annual Report on Form 10-K in a timely manner, violating Nasdaq Listing Rule 5250(c)(1). The company had previously been granted an exception to file its delinquent Form 10-Q by May 13, 2024, but now faces additional delinquency. Alpine 4 Holdings plans to file both the Form 10-Q and the 2023 10-K as soon as possible and will submit a plan to regain compliance. There's no guarantee that Nasdaq will accept the plan or that the filings will be made by a specific date. Despite this, ALPP's stock will continue to be listed and traded on The Nasdaq Capital Market, pending compliance.
April 19, 2024 | 8:03 pm
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NEUTRAL IMPACT
Alpine 4 Holdings is facing regulatory scrutiny from Nasdaq due to delayed filings, but plans to regain compliance by submitting necessary documents and a detailed plan. The stock remains listed and traded on Nasdaq.
The news directly involves Alpine 4 Holdings and its compliance with Nasdaq's listing rules due to delayed financial filings. While there's uncertainty regarding the acceptance of their compliance plan by Nasdaq, the immediate listing status is not affected, suggesting a neutral short-term impact on the stock price. The importance is high due to the potential implications for the stock's listing status, but the confidence in the score is not absolute due to the uncertain outcome of the compliance efforts.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100