Carbon Revolution plc announced it received a notification letter from Nasdaq's Listing Qualifications Department, indicating non-compliance with Nasdaq Listing Rule 5250(c)(2). This non-compliance is due to the company's failure to file interim financial information for the six-month period ended December 31, 2024, on Form 6-K. This is the second Nasdaq non-compliance notice received by the company in recent months.
The letter does not immediately affect the listing or trading of the company's ordinary shares or warrants on Nasdaq. Under Nasdaq rules, Carbon Revolution has 60 calendar days to submit a plan to regain compliance. If accepted, Nasdaq could grant an exception of up to 180 calendar days from the Form 6-K's due date, or until December 29, 2025, to regain compliance.
This additional non-compliance notice further highlights the company's ongoing challenges with timely financial reporting and regulatory adherence. Addressing this issue is crucial for maintaining its Nasdaq listing and investor confidence.
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