Immersion Corporation received a delinquency compliance alert notice from Nasdaq regarding late filing of financial reports.
The Company is working on regaining compliance with Nasdaq Listing Rule 5250(c)(1).
Audit committee investigations led to the restatement of financial information, causing delays in filing required reports.
Nasdaq Delinquency Notice
Received delinquency compliance alert notice for late filing of financial reports.
Restatement Impact
Audit committee investigations and restatement of financial information contribute to filing delays.
Compliance Efforts
Working to complete necessary work to file outstanding reports and regain Nasdaq compliance.
- The delay in filing financial reports raises concerns about the Company's adherence to Nasdaq listing rules.
- Restatement and consolidation of financial information with BNED are major factors affecting filing deadlines and compliance efforts.
Immersion Corporation is actively addressing the challenges related to the delinquency compliance alert notice from Nasdaq and is focused on timely filings and compliance with listing requirements.