Primis Financial Corp. Receives Nasdaq Notice Regarding Delayed 10-Q Filing
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Primis Financial Corp. has received a notice from Nasdaq for not filing its quarterly reports for Q2 and Q3 2024, remaining noncompliant with Nasdaq Listing Rule 5250(c)(1).
November 27, 2024 | 10:45 pm
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NEUTRAL IMPACT
Nasdaq has issued a notice to Primis Financial Corp. for noncompliance due to delayed quarterly filings.
While Nasdaq's role in issuing the notice is part of its regulatory function, it is unlikely to have a significant impact on Nasdaq's stock price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEGATIVE IMPACT
Primis Financial Corp. has not filed its Q2 and Q3 2024 reports, leading to a Nasdaq notice for noncompliance with listing rules.
The delayed filing of quarterly reports is a significant regulatory issue, which can lead to negative investor sentiment and potential stock price decline. The Nasdaq notice highlights the seriousness of the noncompliance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100