lective Audience(US:CAUD) Newsfilter·2024-05-30 20:10Core Viewpoint - Collective Audience, Inc. has received a notification from Nasdaq regarding non-compliance with continued listing requirements due to delays in filing its quarterly report for Q1 2024, but it does not affect the current listing status [1][2]. Group 1: Compliance and Reporting - The company has until June 24, 2024, to submit a plan to regain compliance with Nasdaq's listing requirements [2]. - The delay in filing the Form 10-Q is attributed to the lengthy de-SPAC transaction completed at the end of the previous year, necessitating additional time for accounting [3]. - The CEO expressed confidence in using the additional time to establish a solid reporting foundation and to regain compliance with Nasdaq [3][4]. Group 2: Business Developments - Collective Audience has launched its innovative AdTech platform, AudienceDesk™, powered by AudienceCloud™, focusing on audience-based performance advertising [3]. - The company has announced new board additions, two major partnerships, and two significant acquisitions that are expected to close in the coming weeks [3]. - Despite reporting delays, the company remains optimistic about its growth plans and market expansion [4]. Group 3: Company Overview - Collective Audience provides a performance advertising and media platform aimed at improving efficiency in the digital advertising ecosystem for brands, agencies, and publishers [5]. - The platform leverages audience data as a new asset class, enhanced by AI to support decision-making for AdTech providers and media buyers [6].