Flux Power Receives Non-Compliance Letter From Nasdaq
Portfolio Pulse from Benzinga Newsdesk
Flux Power Holdings, Inc. received a non-compliance letter from Nasdaq for not filing its Annual Report on time. The company has 60 days to submit a compliance plan and is working to file the report promptly.
October 18, 2024 | 8:06 pm
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Flux Power Holdings received a non-compliance notice from Nasdaq for not filing its Annual Report on time. The company has 60 days to submit a compliance plan and is working to file the report promptly.
The non-compliance notice from Nasdaq could negatively impact investor confidence in the short term, as it raises concerns about the company's financial reporting practices. However, the company is actively working to resolve the issue, which may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100