Schmid Group NV Faces Nasdaq Warning Over Delayed Annual Report Filing

Reuters
22 May
Schmid Group NV Faces Nasdaq Warning Over Delayed Annual Report Filing

SCHMID Group N.V. $(SHMD)$ has announced a delay in filing its Annual Report on Form 20-F for the financial year ending December 31, 2024. The company received a delinquency notification from Nasdaq due to this delay, attributed to complexities in accounting related to a de-SPAC transaction and pending documentation from a joint venture in Turkey. SCHMID Group is working diligently to complete the filing and intends to take necessary steps to regain compliance with Nasdaq's listing rules.

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