Syntec Optics Holdings, Inc. received an additional delinquency notification letter from the Nasdaq Listing Qualifications.
The company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to late filings of Form 10-Q for the period ended June 30, 2025, Form 10-K for the period ended December 31, 2024, and Form 10-Q for the period ended March 31, 2025.
An updated plan will be submitted by September 5, 2025, detailing the progress made to regain compliance within the specified period.
Non-Compliance Notification
Syntec Optics is not compliant with Nasdaq Listing Rule 5250(c)(1) due to late filings.
Extended Deadline
An additional 180-day exception allows the company to regain compliance by October 13, 2025.
Audit Committee Approval
The audit committee approved the filing of the delinquent 10-K, with a meeting scheduled for the two 10-Qs.
- The delay in filings has led to a notice of non-compliance, potentially impacting the company's stock performance and investor confidence.
- Submission of a detailed plan to Nasdaq is crucial for regaining compliance and avoiding stringent penalties or delisting.
- Successful filing of the 10-K and two 10-Qs by September 15, 2025, may alleviate concerns and demonstrate the company's commitment to regulatory compliance.
Syntec Optics Holdings, Inc. is actively working to address the late filings and regain compliance with Nasdaq regulations. The forthcoming submission of a comprehensive plan and the scheduled filings demonstrate the company's dedication to transparency and accountability in its financial reporting practices.