Pathward Financial, Inc. received an expected notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC on August 26, 2025. The Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q (“Form 10-Q”) for the fiscal quarter ended June 30, 2025, as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “SEC”) on August 11, 2025. The Listing Rule requires listed companies to timely file all periodic reports with the SEC.
As previously reported, the Company received a similar notice on May 22, 2025 in connection with its failure to timely file its Form 10-Q for the fiscal quarter ended March 31, 2025. In accordance with Nasdaq’s listing rules, the Company submitted a plan to regain compliance with the Listing Rule to Nasdaq. Following the Company’s submission of its compliance plan, Nasdaq granted the Company an extension until November 13, 2025, to regain compliance with the Listing Rule. Pursuant to the Notice, the Company has until September 10, 2025 to submit an update to its plan to regain compliance, but Nasdaq will not further extend the deadline for compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable and in any event prior to the November 13, 2025 deadline.
The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq.
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