Tintri not in Compliance With Nasdaq
As it had not yet filed quarterly report for fiscal quarter ended April 30, 2018.
This is a Press Release edited by StorageNewsletter.com on June 25, 2018 at 2:29 pmTintri, Inc. received a notice from The Nasdaq Stock Market LLC on June 20, 2018 stating that because Tintri had not yet filed its quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2018, the company is no longer in compliance with the Nasdaq continued listing requirement set forth in Marketplace Rule 5250(c)(1).
Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the SEC. Failure to comply with Nasdaq listing standards may result in the delisting of the company’s shares from Nasdaq.
The notice has no immediate effect on the listing of the company’s shares on Nasdaq. The notice states that the company has until July 2, 2018, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the company’s plan, then Nasdaq may grant the company up to 180 days from the prescribed due date for filing the Form 10-Q to regain compliance. If Nasdaq does not accept the company’s plan, then the company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
Read also:
Tintri: Fiscal 1Q19 Financial Results
Out of cash and consequently unable to continue operations beyond June 30, 2018
2018.06.18 | Press Release | [with our comments]
Subscribe to our free daily newsletter
