Scorpius Holdings Announces Receipt Of Filing Delinquency Notification
Portfolio Pulse from Benzinga Newsdesk
Scorpius Holdings, Inc (SCPX) received a notice from NYSE Regulation for not complying with listing standards due to the late filing of its Form 10-K for the year ended December 31, 2023. The delay was attributed to finance staff turnover and the need for additional time to complete revenue recognition calculations for certain contracts. CEO Jeff Wolf expressed regret over the delay and a commitment to high standards of financial reporting and governance.
April 22, 2024 | 9:05 pm
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Scorpius Holdings received a NYSE noncompliance notice for a delayed annual report, citing staff turnover and revenue recognition issues.
Receiving a notice of noncompliance from the NYSE can negatively impact investor confidence and the stock price of Scorpius Holdings in the short term. The reasons for the delay, including staff turnover and issues with revenue recognition, highlight operational challenges that could concern investors about the company's internal processes and financial health.
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