Primis Financial receives Nasdaq noncompliance notice

Primis Financial (FRST) received, as the company expected, a notice from Nasdaq indicating that the company remains noncompliant with Nasdaq Listing Rule 5250(c) because the company has not filed its Quarterly Report on Form 10-Q for the quarters ended June 30 and September 30. The additional notice also required that the company submit an update to the Nasdaq Hearings Panel no later than November 28. The company has filed the previously delayed 2023 Form 10-K and the 2024 Q1 Form 10-Q and plans to file the Form 10-Qs as promptly as practicable. As with the prior notices, the additional notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Global Select Market and the company currently expects to regain compliance in the near future.