Primis Financial Corp. announced on November 27, 2024, that it received an additional notice from Nasdaq. This notice indicated that the company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) due to the unfiled Quarterly Reports on Form 10-Q for the quarters ended June 30, 2024, and September 30, 2024.
The company had previously received a delisting notice on October 3, 2024, and appealed this determination, resulting in a temporary stay of delisting. A hearing before the Nasdaq Hearings Panel is scheduled for December 3, 2024, with the temporary stay extended pending a final Panel decision.
Primis has already filed its previously delayed 2023 Form 10-K and the 2024 Q1 Form 10-Q. The company plans to file the remaining Form 10-Qs as promptly as practicable and expects to regain compliance in the near future, with no immediate effect on the listing of its common stock.
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