Odyssey Marine Exploration Addresses NASDAQ Compliance Matters; Plans To Regain Compliance With Nasdaq Rule 5250(c)(1) By Filing The Form 10-K With The SEC, Which It Expects To Do As Soon As Practicable
Portfolio Pulse from Benzinga Newsdesk
Odyssey Marine Exploration, Inc. (OMEX) received a notice from Nasdaq on April 17, 2024, for not complying with Nasdaq Rule 5250(c)(1) due to the delay in filing its Form 10-K for the period ended December 31, 2023. The company plans to regain compliance by submitting the Form 10-K to the SEC as soon as practicable.
April 19, 2024 | 8:40 pm
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Odyssey Marine Exploration, Inc. is addressing a Nasdaq non-compliance issue by planning to file its overdue Form 10-K report as soon as possible.
The announcement indicates OMEX's intention to address and rectify the compliance issue with Nasdaq by filing the required Form 10-K. This action is crucial for maintaining its listing and can mitigate negative investor sentiment. However, the impact on the stock price in the short term is uncertain until the filing is completed and investors can assess the contents of the Form 10-K.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100