Smith-Midland Corporation announced on April 23, 2025, that it received a letter from Nasdaq on April 17, 2025. The letter notified the company of its non-compliance with Listing Rule 5250(c)(1) due to the failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024.
This notice is an expected consequence of the previously announced delayed filing of the 2024 Form 10-K. The company had indicated its intention to file the report by April 15, 2025, but did not meet this deadline.
The notice does not have any immediate impact on the company's shares or its ability to trade on the Nasdaq exchange. However, it requires the company to submit a plan to regain compliance within a specified timeframe to avoid potential delisting.
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