Key Points:
- Nocera (NCRA, Financial) has 60 days to submit a compliance plan to Nasdaq.
- The company's stock continues trading on Nasdaq under the symbol "NCRA" during the compliance process.
- If accepted, Nasdaq may grant an extension of up to October 13, 2025, to file the overdue Form 10-K.
Nocera, Inc. (NCRA), a sustainable seafood company specializing in land-based Recirculatory Aquaculture Systems (RAS), has received a non-compliance notice from Nasdaq due to a delay in filing its 2024 Annual Report (Form 10-K). The notice, issued on April 24, 2025, indicates a violation of Nasdaq Listing Rule 5250(c)(1), which mandates timely submissions of periodic reports.
The company now has 60 days to present a compliance plan to Nasdaq. If Nasdaq accepts the plan, Nocera could be given up to 180 additional days, or until October 13, 2025, to complete the filing. During this period, Nocera's common stock will continue to trade on Nasdaq under the ticker "NCRA" without immediate impact on its listing status.
Nocera has stated it is actively working to finalize the Form 10-K and aims to submit the compliance plan within the required timeframe. The company remains committed to ensuring compliance with Nasdaq's listing standards.
Delayed filings like this can raise concerns regarding the company's internal controls and operational transparency. Monitoring the resolution of this compliance issue is essential as failure to meet the extended deadlines could result in more severe consequences, including potential delisting.
For more information on Nocera and its operations in sustainable seafood production, please visit their official website.
