Business
Intellicheck Receives Notice from the Nasdaq Stock Market Relating to Delinquent Filing of 10-Q for the Quarter Ended March 31, 2022
MELVILLE, N.Y.--(BUSINESS WIRE)-- Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical
About this update from Intellicheck, Inc.
[{"type":"text","content":" MELVILLE, N.Y.--(BUSINESS WIRE)--\nIntellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identification validation solutions, today announced that it received on May 24, 2022 a written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 (“Q1 Form 10-Q”).\n\nThe Notice has no immediate effect on the listing or trading of Intellicheck’s common stock on the Nasdaq CStock Market LLC. Under the Nasdaq Rules, the Company has 60 calendar days to file the Q1 Form 10-Q with the SEC or submit a plan to regain compliance with Rule 5250(c)(1). Intellicheck currently anticipates that it will file the Q1 Form 10-Q within the next 10 days, and at such time will regain compliance with Nasdaq Listing Rule 5250(c)(1).\n\nAbout Intellicheck\n\nIntellicheck (Nasdaq: IDN) is an identity company that delivers on-demand digital identity validation solutions for KYC, fraud, and age verification needs. Intellicheck validates both digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce, and retail commerce businesses, law enforcement and government agencies across North America. Intellicheck can be used through a mobile device, a browser, or a retail point-of-sale scanner. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, Twitter, Facebook, and YouTube.\n\nSafe Harbor Statement\n\nStatements in this news release about Intellicheck’s future expectations, including: the advantages of our products, future demand for Intellicheck’s existing and future products, whether revenue and other financial metrics will improve in future periods, whether Intellicheck will be able to execute its turn-around plan or whether successful execution of the plan will result in increased revenues, whether sales of our products will continue at historic levels or increase, whether brand value and market awareness will grow, whether the Company can leverage existing partnerships or enter into new ones, whether there will be any impact on sales and revenues due to an ep...