Marin Software (MRIN) said late Tuesday that the Nasdaq Stock Market has notified the company it is no longer in compliance with a listing rule requiring the timely filing of all periodic reports with the Securities and Exchange Commission.
The company said that if its stockholders approve a voluntary liquidation and dissolution, then its common stock will be delisted from Nasdaq in line with that plan. Failing that, the company intends to "consider plans to regain compliance with the rule."
The delinquency is related to the filing of its annual report on Form 10-K for the fiscal year ended Dec. 31.
Shares slumped 28% in premarket activity on Wednesday.
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