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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.