Primis Financial Corp. Faces Nasdaq Compliance Notices for Filing Delay and Appeals for Continued Trading
Primis Financial Corp.'s Challenge with Nasdaq
On April 3, 2025, Primis Financial Corp. (NASDAQ: FRST), based in McLean, Virginia, received a notice from Nasdaq regarding its failure to comply with the exchange's listing rules. This situation arose due to the company's delay in filing its annual report, the Form 10-K, for the fiscal year ending December 31, 2024. Although this matter was anticipated, its ramifications have initiated significant actions from the Company as it seeks to restore compliance and avoid potential delisting.
Compliance Notice Details
According to Nasdaq's Listing Rule 5250(c)(1), companies listed on the exchange must file periodic reports with the Securities and Exchange Commission (SEC) in a timely manner. Primis had previously indicated its delayed filing in a report submitted on April 1, 2025. As a result of this non-compliance, Nasdaq granted the Company a one-year
Topics Financial Services & Investing）
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