The Headline
Companies Facing Nasdaq Compliance Challenges
Required due date for filing Annual Report
March 31, 2025
1
Deadline to submit compliance plan for Allied Gaming
June 16, 2025
1
Days allotted for compliance plan submission
60 calendar days
1
Reverse stock split ratio for Sharps Technology
1-for-300
Effective date of reverse stock split
April 27, 2025
Key Facts
- Allied Gaming & Entertainment, Inc. received a deficiency letter from NASDAQ on April 17, 2025, indicating non-compliance with listing requirements due to untimely filing of their Fiscal Year 2024 Annual Report.
- Under Nasdaq rules, Allied Gaming has until June 16, 2025, to submit a compliance plan to regain adherence to listing standards.1
- ScanTech AI Systems Inc. also received a deficiency letter from Nasdaq on April 17, 2025, for failing to timely file their Fiscal Year 2024 Annual Report.
- ScanTech AI has a 60-day window to submit a compliance plan, similar to Allied Gaming.
- Sharps Technology, Inc. announced a 1-for-300 reverse stock split effective April 27, 2025, to comply with Nasdaq's minimum bid price requirement.