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Schmitt Industries (SMIT) Discloses Notice From Nasdaq, Restatement Of Previously Issued Financial Statements As Of And For Each Of The First Three Quarterly Periods Of Fiscal 2022 And The Termination

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Go back to Schmitt Industries (SMIT) Discloses Notice From Nasdaq, Restatement Of Previously Issued Financial Statements As Of And For Each Of The First Three Quarterly Periods Of Fiscal 2022 And The Termination

SCHMITT INDUSTRIES DISCLOSES NOTICE FROM NASDAQ, RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS AS OF AND FOR EACH OF THE FIRST THREE QUARTERLY PERIODS OF FISCAL 2022 AND THE TERMINATION OF TER

September 20, 2022 4:17 PM EDT

PORTLAND, Ore., Sept. 20, 2022 /PRNewswire/ -- On September 14, 2022, Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it did not file its Annual Report on Form 10-K for the fiscal year ended May 31, 2022 (the "Form 10-K") by September 13, 2022, as required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5250(c)(1). Under Nasdaq rules, the Company has... More