SunPower Inc. received a deficiency notification letter from Nasdaq regarding the delayed filing of its Quarterly Report on Form 10-Q.
The notification indicated non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed Q3 Form 10-Q filing.
The company has 60 days to submit a plan to regain compliance with the Listing Rule.
Notice of Deficiency
Received deficiency notification from Nasdaq regarding the delayed Q3 Form 10-Q filing.
Compliance Requirement
Non-compliance with Nasdaq Listing Rule 5250(c)(1) highlighted in the notification.
Action Plan Deadline
Company has 60 days to submit a plan to regain compliance with the Listing Rule.
- SunPower's delayed filing may impact its compliance status on the Nasdaq exchange.
- The notification raises investor concerns about SunPower's timely financial reporting.
- Company's reputation could be affected by this deficiency notification.
SunPower's delayed filing has triggered a deficiency notification, which requires prompt action to regain compliance with Nasdaq rules.