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FREUDENSTADT, Germany - SCHMID Group N.V. announced Monday it received a delisting determination letter from Nasdaq due to non-compliance with filing requirements as of November 12, 2025. The company's stock, currently trading at $5.81, has taken a significant hit over the past week, falling 7.58% according to InvestingPro data.
The German technology company failed to meet Nasdaq Listing Rule 5250(c)(1) by not submitting its Annual Report on Form 20-F for the year ended December 31, 2024, according to a company press release.
SCHMID plans to appeal the determination and has requested a hearing before the Nasdaq Hearings Panel. Under Nasdaq rules, this request stays any suspension of the company's securities for 15 days from the request date. The company also intends to request an extended stay through the hearing process.
If granted, SCHMID's ordinary shares and warrants will continue trading on The Nasdaq Capital Market under the symbol SHMD during the stay period.
The company stated it is "diligently working" to complete and file the overdue annual report with the Securities and Exchange Commission "as soon as practicable," but offered no specific timeline for compliance.
SCHMID cautioned there is no guarantee the Panel will grant the extended stay request or that the company will be able to meet all requirements for continued Nasdaq listing.
The German firm, which describes itself as a global provider of high-tech solutions for electronics, photovoltaics, glass, and energy systems, emphasized that the Nasdaq determination does not affect its business operations or SEC reporting obligations.
SCHMID Group, founded in 1864, currently employs over 800 people worldwide with operations in Germany, China, and other global locations.
In other recent news, SCHMID Group has announced two significant orders for its advanced manufacturing equipment, which are used in Panel Level Packaging and mSAP production. The company will be delivering cluster configurations of its Line C+ and Line H+ equipment to a customer located in Southeast Asia. Additionally, SCHMID Group has secured an order to supply horizontal Line H+ and vertical Line V+ machines to a customer in China. This order is aimed at expanding the customer's mSAP capacities, which are primarily used for AI server PCBs and similar products. These developments highlight SCHMID Group's continued growth and expansion in the Asian market. The recent orders indicate strong demand for the company's advanced production equipment. The company has not disclosed the financial details of these transactions.
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