Marin Software receives delisting notification from Nasdaq
MRIN) announced that the company received a notice from Nasdaq stating that Nasdaq had determined that the company did not provide a definitive plan evidencing its ability to achieve compliance with the Nasdaq Listing Rule 5250, which requires listed companies to timely file all required periodic reports with the SEC. The company had previously submitted a letter to Nasdaq requesting an exception to extend the company's listing on Nasdaq for 180 days, until October 13, 2025. As a result of Nasdaq's determination, the Notice states that (i) the Company's request for continued listing on Nasdaq was denied; the company's securities will be delisted from Nasdaq trading of the company's common stock will be suspended at the opening of business on June 26 and a Form 25-NSE will be filed with the SEC, which will remove the company's securities from listing and registration on Nasdaq, unless the company appeals these determinations. The company does not expect to appeal Nasdaq's determinations and expects Nasdaq to file a Form 25-NSE with the SEC to remove the company's common stock from listing and registration on Nasdaq.
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