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Investing.com -- Integrated Media Technology Limited (NASDAQ:IMTE) stock fell 5.5% on Friday after the company received a delisting determination letter from the Nasdaq Stock Market due to non-compliance with filing requirements.
The Australia-based company disclosed that Nasdaq’s Listing Qualifications Staff indicated IMTE’s common stock would be subject to suspension and delisting from the Nasdaq Capital Market on November 10, 2025, unless the company requests a hearing before the Nasdaq Hearings Panel. The non-compliance stems from IMTE’s failure to timely file its Form 20F for the year ended December 31, 2024.
IMTE had previously been granted an exception until October 29, 2025, to regain compliance with Nasdaq’s Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. However, the Staff determined that the company did not meet the terms of this exception by failing to file the delinquent reports during the extended period.
The company stated it intends to timely request a hearing before the Panel, which will automatically stay any suspension or delisting action for 15 days from the date of the request. IMTE may also be granted an extended stay subject to the Panel’s review.
The Panel will review the extended stay request and notify the company of its decision within 15 calendar days following the hearing request deadline.
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