Immersion Corporation received a delinquency compliance alert notice from Nasdaq due to the failure to timely file its Annual Report on Form 10-K for the fiscal year ended April 30, 2025 with the SEC.
The delay was caused by an internal investigation by Barnes & Noble Education that impacted the financial reporting process.
The Company is working on regaining compliance with Nasdaq rules by submitting a plan within the specified timeframe.
Delinquency Compliance Alert Notice
Received by Immersion Corporation for failure to file the Annual Report on Form 10-K with the SEC.
Internal Investigation Impact
Barnes & Noble Education's audit committee internal investigation led to delays in financial reporting.
Regaining Compliance Plan
Immersion Corporation is diligently working on submitting a plan to comply with Nasdaq Listing Rule 5250(c)(1).
- The delay in filing the Form 10-K may affect the Company's stock performance and compliance status with Nasdaq.
- Investors may monitor the progress of Immersion Corporation's plan to regain compliance closely.
- The internal investigation by Barnes & Noble Education adds complexity to the situation and requires resolution for timely filings.
Immersion Corporation is actively addressing the compliance issue and working towards filing the Form 10-K as soon as practicable. The outcome of the internal investigation by Barnes & Noble Education will significantly impact the Company's ability to comply with Nasdaq rules.