Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq
PHILADELPHIA, Aug. 17, 2023 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ:FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that, as anticipated, on August 11, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) notified the Company that because the Company’s Form 10-Q for the three months ended June 30, 2023 (the “Form 10-Q”) was not timely filed with the Securities and Exchange Commission (the “SEC”), the Company did not satisfy Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”) and that the Nasdaq Hearings Panel (the “Panel”) would consider the additional deficiency in its deliberations regarding the Company’s continued listing. The Company intends to present its plan to file the Form 10-Q with the SEC and thereby evidence full compliance with the Filing Requirement for the Panel’s review.
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