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Investing.com -- Marin Software Inc (NASDAQ:MRIN) stock tumbled 12.2% in after-hours trading after the digital marketing software provider announced it received a delisting notice from Nasdaq.
The company disclosed that on June 17, 2025, Nasdaq’s Listing Qualifications Department determined Marin Software failed to provide a definitive plan to achieve compliance with listing rules requiring timely filing of periodic reports with the SEC. As a result, trading of the company’s common stock will be suspended at the opening of business on June 26, 2025.
Marin Software stated it does not plan to appeal Nasdaq’s determination and expects the exchange to file documentation with the SEC to remove the company’s common stock from listing. The company has been delinquent in filing its annual report for the fiscal year ended December 31, 2024, and its quarterly report for the first quarter of 2025.
The company also indicated it does not intend to pursue trading on OTC Markets due to associated costs. This decision comes as Marin Software is exploring a potential transaction with a private equity firm that would acquire substantially all of its assets, possibly through a voluntary reorganization.
Alternatively, the company may proceed with the previously stockholder-approved voluntary dissolution and liquidation plan described in its proxy statement filed on May 7, 2025. The company cautioned that there is no assurance the potential transaction will be successful.
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