Momentus Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-K
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS) received a deficiency notification from Nasdaq for not filing its Form 10-K for the year ended December 31, 2023, on time. The notice does not immediately affect its Nasdaq listing. Momentus has 60 days to file the Form 10-K or submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 days to regain compliance. Failure to comply may lead to delisting, but Momentus intends to file the Form 10-K as soon as possible.
April 22, 2024 | 8:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Momentus Inc. received a Nasdaq deficiency notice for a delayed Form 10-K filing, aiming to regain compliance within the given timeframe.
Receiving a deficiency notice from Nasdaq typically puts negative pressure on a company's stock as it raises concerns about governance and financial transparency. Although the immediate impact on the listing status is nil, the potential for delisting if compliance is not regained can lead to investor uncertainty and a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100