Reported Friday, Cellectar Biosciences Announces Plan To Restate Financials, Delays 10-Q Filing, And Receives Nasdaq Non-Compliance Notification
Portfolio Pulse from Benzinga Newsdesk
Cellectar Biosciences has announced a plan to restate its financials, delaying its 10-Q filing for the second quarter of 2024. Consequently, the company received a non-compliance notification from Nasdaq.
August 26, 2024 | 7:38 am
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Cellectar Biosciences is facing a delay in filing its Q2 2024 10-Q due to the need to restate previous financial statements, leading to a Nasdaq non-compliance notice.
The delay in filing the 10-Q and the need to restate financials suggest potential issues with financial accuracy, which can lead to investor uncertainty and short-term stock price pressure. The Nasdaq non-compliance notice further adds to the negative sentiment.
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