Laser Photonics (LASE, Financial) has been informed by Nasdaq's Listing Qualifications department that it is currently not meeting the exchange's listing requirements. The notice came after the company failed to file its Form 10-K for the fiscal year ending December 31, 2024.
According to Nasdaq's Listing Rule 5250, timely financial filings are necessary for continued listing. To address this, Laser Photonics has a 60-day window to develop and present a plan that demonstrates how it intends to regain compliance.
If the proposed plan is accepted by Nasdaq, the company could be granted an exception period of up to 180 days, extending the deadline to October 13, to meet the filing requirements. This provides a critical opportunity for Laser Photonics to address the issue and maintain its listing status.
