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Qualigen Therapeutics, Inc. receives expected notification of deficiency from Nasdaq related to delayed filing of quarterly report on Form 10-Q
Globenewswire· 2025-05-19 21:25
Core Viewpoint - Qualigen Therapeutics, Inc. has received a deficiency notification from Nasdaq regarding its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025, which may lead to delisting from the Nasdaq Stock Market [1][2]. Group 1 - The deficiency notification is based on Nasdaq Listing Rule 5250(c)(1), which mandates timely filing of periodic reports with the SEC [2]. - The Nasdaq Hearings Panel will consider this deficiency in its determination regarding the company's continued listing on the Nasdaq Capital Market [2][3]. - The company plans to present its compliance plan at the scheduled hearing and aims to file the Form 10-Q as soon as possible [4]. Group 2 - There is no assurance that the Panel will grant an extension or that the company will regain compliance with all listing requirements [4]. - The company is expected to address the deficiency during the hearing, and the Panel will make its decision based on the information presented [3].
SKK HOLDINGS LIMITED ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION LETTER REGARDING MINIMUM PRICE DEFICIENCY
Globenewswire· 2025-04-16 21:28
Core Viewpoint - SKK Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until October 13, 2025 to regain compliance [1][2][3]. Group 1: Compliance and Listing Requirements - The company has a compliance period of 180 calendar days to regain compliance with Nasdaq's continued listing requirement, specifically the minimum bid price of $1 per share [2]. - If the company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. - The notification does not result in immediate delisting, and the company's shares will continue to trade under the symbol "SKK" [3]. Group 2: Company Overview - SKK Holdings Limited specializes in civil engineering services, particularly subsurface utility works in Singapore, with over 10 years of experience in public utility projects [4]. - The company focuses on planning, constructing, and maintaining various public works and infrastructure projects that serve societal and environmental needs [4].