Upexi, a technology company, recently announced that it has received a notice from The Nasdaq Stock Market. The notice, which was sent to Upexi on June 15, 2021, informed the company that it is not in compliance with Nasdaq’s listing rules because it has not filed its Form 10-Q for the period ending March 31, 2021.
According to the notice, Upexi now has until August 2, 2021, to submit a plan to regain compliance with Nasdaq’s listing rules. If the plan is accepted, Upexi may be granted an extension of up to 180 calendar days from the due date of the Form 10-Q to regain compliance.
Upexi has stated that it is working diligently to file its Form 10-Q as soon as possible and is committed to regaining compliance with Nasdaq’s listing rules. The company’s management team is confident that it will be able to meet Nasdaq’s requirements within the specified timeframe.
Upexi’s stock is currently trading on the Nasdaq Stock Market under the ticker symbol “UPXI.” Investors and shareholders are advised to monitor the company’s progress as it works towards regaining compliance with Nasdaq’s listing rules.