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| Identiv received a notification from Nasdaq due to delay in filing form 10-Q for the quarter ending March 31, 2015 |
Identiv, Inc. recently announced that the company received a notification from the Nasdaq Stock Market ("Nasdaq") informing the company that since it had not filed its Form 10-Q for the quarter ending March 31, 2015, the company was not in compliance with Nasdaq Listing Rule 5250(c)(1). The Nasdaq notification letter does not result in the immediate delisting of the company's common stock, and the stock will continue to trade uninterrupted under its current trading symbol.
The company must submit a plan of compliance with the foregoing listing deficiency no later than July 20, 2015 (the "Plan of Compliance Deadline"). If its plan is approved by the Nasdaq staff, the Company may be eligible for a listing exception of up to 180 calendar days or until November 16, 2015 to regain compliance. If the Nasdaq staff concludes that the Company will not be able to cure the deficiency, or if the Company determines not to submit the required materials or make the required representations, the Company's common stock will be subject to delisting by Nasdaq.
The company expects to file the Form 10-Q for the period ended March 31, 2015 before the Plan of Compliance deadline.
