IMTE Faces Possible Delisting from Nasdaq Following Non-Compliance

IMTE Faces Potential Delisting from Nasdaq

Integrated Media Technology Limited (IMTE), an Australian company listed on the Nasdaq, has recently revealed that it has received a formal notification indicating the possibility of its stock being delisted from the exchange. This news comes as a consequence of the company's failure to comply with necessary filing requirements, specifically relating to the submission of its Form 20-F for the fiscal year that ended on December 31, 2024.

The notification was issued by the Listing Qualifications Staff at Nasdaq, which stated that unless IMTE requests a hearing before the Nasdaq Hearings Panel, its common stock will be suspended and subsequently delisted starting November 10, 2025. The core issue at hand is the company's inability to file its periodic financial reports in accordance with Listing Rule 5250(c)(1), a regulation that mandates timely submissions to the Securities and Exchange Commission (SEC).

This situation isn't unprecedented; IMTE was previously granted a temporary exception until October 29, 2025, to meet the compliance requirements. However, after consideration, Nasdaq concluded that IMTE failed to adhere to the terms of this exception by not submitting the needed forms during the allowed period.

In response to this determination, IMTE has announced its intention to formally request a hearing before the Nasdaq Hearings Panel. This hearing request will effectively suspend any actions of suspension or delisting for a period of 15 days from the date of submission, allowing IMTE an opportunity to appeal the decision and possibly achieve a stay of further action pending the results of their petition. The panel is expected to review this request and provide a notification of its conclusions within a specified timeframe.

IMTE specializes in trading Halal products, the manufacturing and selling of nano-coated plates for filtration systems, and the production of electronic glass. The outcomes of their appeal will significantly influence their operational status and future in the financial market.

The pressing question that arises now is how this situation will impact IMTE's stakeholders and investors, who may be wary of the company's financial health and its ability to remain listed on a major exchange. This revelation serves as a reminder of the strict compliance that companies must uphold when operating within public markets and the potential repercussions of failing to do so.

In a forward-looking statement, IMTE emphasized the unpredictability of future results, expressing that actual performance might diverge from current projections owing to various critical factors, as discussed in their filings with the SEC. IMTE has committed to keeping its stakeholders informed as new developments transpire.

Individuals seeking more detailed updates on IMTE can visit their official website at www.imtechltd.com.