Marin Software (MRIN, Financial) has been notified by the Nasdaq Stock Market LLC's Listing Qualifications Department regarding a compliance issue. The company is currently not adhering to the Nasdaq Listing Rule 5250(c)(1), which mandates timely submission of all periodic reports to the Securities and Exchange Commission (SEC).
This situation arose as Marin Software failed to file its annual report on Form 10-K for the fiscal year ending December 31, 2024, within the required timeframe. The lapse has raised concerns regarding the company's continued listing on the Nasdaq, which requires adherence to specific reporting rules for all listed companies.
The company must now address this compliance issue to avoid potential delisting from the Nasdaq, which could impact its market presence and investor relations.