Primis Financial Contends with Nasdaq Delisting Risks

Primis Financial ( (FRST) ) has shared an update.

Primis Financial Corp. faces potential delisting from Nasdaq due to delays in filing its annual and quarterly financial reports, attributed to a restatement of financial statements and an ongoing review process with the SEC. The company has since appealed the delisting notice and requested a hearing, which has temporarily stayed the suspension of trading. Primis is actively working to complete and file the overdue reports, aiming to regain compliance with Nasdaq’s listing requirements. Despite the delays, the company maintains a positive outlook and does not expect its securities to be suspended or delisted in the interim.

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