NextPlay Technologies Receives Notice From Nasdaq Regarding Delayed Q2 Quarterly Report
SUNRISE, FL, Oct. 24, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – NextPlay Technologies, Inc. (NASDAQ:NXTP) (the “Company”), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that the Company received a notification letter, on October 18, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because they have not received the Company’s quarterly report on Form 10-Q for the fiscal quarter ended August 31, 2023, the Company remains noncompliant with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The notification further provides the Company until November 2, 2023 to submit an update to the plan to regain compliance (the “Compliance Plan”) previously submitted to and accepted by Nasdaq, and states that any additional staff exception that may be provided to the Company to allow the Company to regain compliance with all delinquent filings will be limited to November 27, 2023.