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Novaturas announces decision by the Bank of Lithuania
Globenewswire· 2025-07-10 13:45
Group 1 - The Bank of Lithuania has publicly disclosed that AB Novaturas submitted its audited annual financial statements later than required by law, with the reports submitted on June 9, 2025 [1] - Novaturas postponed the publication of its audited financial statements for 2024 due to extended preparation and audit processes, which aimed to ensure quality and accuracy, but these delays did not impact the 2024 results [2] - The Bank of Lithuania stated that there is no evidence the delay significantly affected third parties or the company itself, and Novaturas has acknowledged the breach and rectified the issue [3] Group 2 - The Novaturas Group is a tour operator with over 25 years of experience, offering a wide range of travel destinations from the Baltic States [4] - In 2024, Novaturas Group recorded revenues of EUR 201 million and served 239 thousand passengers across Lithuania, Latvia, and Estonia [4]
Primis Financial Corp. Receives Nasdaq Notice Regarding Delayed 10-K Filing
Prnewswire· 2025-04-09 21:00
Core Viewpoint - Primis Financial Corp. is facing potential delisting from Nasdaq due to non-compliance with filing requirements, specifically the failure to timely file its Form 10-K for the year ending December 31, 2024 [1][2] Group 1: Compliance and Regulatory Actions - On April 3, 2025, Nasdaq notified Primis that it is not in compliance with Listing Rule 5250(c)(1) due to the late filing of its Form 10-K [1] - The company has until April 10, 2025, to appeal this determination to a Hearings Panel to avoid delisting, with a hearing request already submitted [2][3] - The appeal process has temporarily stayed any suspension of trading for 15 calendar days, allowing the company's common stock to continue trading on Nasdaq during this period [3] Group 2: Financial Status and Operations - As of December 31, 2024, Primis Financial Corp. reported total assets of $3.7 billion, total loans held for investment of $2.9 billion, and total deposits of $3.2 billion [5] - The company operates twenty-four full-service branches in Virginia and Maryland, providing a range of financial services to individuals and small- to medium-sized businesses [5] Group 3: Future Compliance Expectations - Primis plans to file the Form 10-K as soon as possible, with expectations to do so before the scheduled hearing, which would bring the company back into compliance with Nasdaq Listing Rules [4] - The company believes it meets the standards for an extended stay of delisting during the appeal process and does not anticipate suspension or delisting of its securities [3][4]