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Pathward Financial, Inc. Receives Expected Notice of Deficiency From Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Pathward Financial, Inc. ("Pathward Financial" or the “Company”) (Nasdaq: CASH) received an expected notice (the
About this update from Pathward Financial, Inc.
[{"type":"text","content":" SIOUX FALLS, S.D.--(BUSINESS WIRE)--\nPathward Financial, Inc. (\"Pathward Financial\" or the “Company”) (Nasdaq: CASH) received an expected notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on May 22, 2025. The Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q (“Form 10-Q”) for the fiscal quarter ended March 31, 2025, as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2025. The Listing Rule requires listed companies to timely file all periodic reports with the SEC.\n\n\nIn accordance with Nasdaq’s listing rules, the Company has 60 days after the date of the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the filing’s due date, or until November 11, 2025, to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable.\n\n\nThe Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq.\n\n\nAbout Pathward Financial, Inc.\n\n\nPathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based financial holding company driven by its purpose to power financial inclusion. Through our subsidiary, Pathward®, N.A., we strive to increase financial availability, choice, and opportunity across our Partner Solutions and Commercial Finance business lines. These strategic business lines provide support to individuals and businesses. Learn more at www.pathwardfinancial.com.\n\n\nForward-Looking Statements\n\n\nThis press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company’s expectations as to the anticipated timing of filing the Form 10-Q and the Company’s plan to regain compliance with the Listing Rule, as well as all statements that are not historical facts. These forward-looking statements are subject to change, and actual results may materially ...