TULSA, Oklahoma, Sept. 30, 2022 (GLOBE NEWSWIRE) — Matrix Service Company MTRX announced today that it is expected to have received notice from Nasdaq on September 29, 2022 notifying the Company that it has failed to comply with the periodic filing requirements set forth in Nasdaq Listing Rule 5250(c)(1) for continued listing ) because the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2022 (“Fiscal Year 2022 10-K”) was not filed with the Securities and Exchange Commission by the required due date of September 28, 2022.
This announcement, received from Nasdaq, has no immediate effect on the listing or trading of the Company’s shares. Nasdaq has given the company 60 calendar days until November 28, 2022 to provide a plan to return to compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company up to 180 days from the required due date for filing the fiscal year 2022 10-K and any subsequent periodic filings that may be due, or March 27, 2023, to complete the regain conformity.
The Company expects and intends to provide Nasdaq with the compliance plan by November 28, 2022.
The Company continues to work diligently to complete its fiscal 2022 10-K and continues to target filing of the 10-K filing with the SEC in early October 2022, with subsequent periodic filings on time, after which the Company anticipates that the It maintains compliance with SEC reporting requirements and Nasdaq listing requirements.
This announcement is made in accordance with Nasdaq Listing Rule 5810(b) which requires prompt disclosure of receipt of a defect notification.
About Matrix Service Company
Matrix Service Company MTRXis, through its subsidiaries, a leading North American engineering and construction contractor with headquarters in Tulsa, Oklahoma, and offices in the United States and Canada, as well as in Sydney, Australia and Seoul, South Korea.
The Company reports its financial results in three key…
