AI English summary of an SEC filing — figures as filed

The company said it received a notice from the Nasdaq Listing Qualifications Department on November 19, 2024 that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), due to its delay in filing its 10-Q Form 10-Q for the period ended September 30, 2024 and its continued delay in filing its 10-K Form 10-K for the period ended June 30, 2024.

8-KNotice of Delisting or Failure to Satisfy a Continued Listing Rule or StandardFiled Nov 20, 2024Period of report Nov 14, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it received a notice from the Nasdaq Listing Qualifications Department on November 19, 2024 that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), due to its delay in filing its 10-Q Form 10-Q for the period ended September 30, 2024 and its continued delay in filing its 10-K Form 10-K for the period ended June 30, 2024.
The company said the filing deadline for its 2024 Form 10-K was August 29, 2024, and the deadline for its Q1 2025 Form 10-Q was November 12, 2024. It said it filed Form 12b-25 on August 30, 2024 and November 13, respectively.
The company said it submitted a compliance plan to Nasdaq on November 18, 2024. It said it believes it can file both reports and return to timely periodic reporting within the discretionary period available to the Nasdaq staff to grant. The company also said the notice has no immediate effect on the listing or trading of its common stock.
The company said its Taiwan subsidiary amended its Notifications and Confirmations of Credit Agreements with E.SUN Bank on November 14, 2024, extending the period for E.SUN Bank to review the subsidiary's FY2024 financial statements from October 31, 2024 to December 31. It also said that on November 15, 2024, it entered into the Fourth Amendment to Loan Agreement with Cathay Bank, amendment 4, which reduces the revolving line and letter of credit sublimit to $458,000.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Nasdaq Listing Rule 5250(c)(1) Non-Compliance Notice

The company said it received a notice from the Nasdaq Listing Qualifications Department on November 19, 2024 that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), due to its delay in filing its 10-Q Form 10-Q for the period ended September 30, 2024 and its continued delay in filing its 10-K Form 10-K for the period ended June 30, 2024.

Source · Based on the filing body and exhibits

Filing Deadlines and 12b-25 Filing Dates

The company said the filing deadline for its 2024 Form 10-K was August 29, 2024, and the deadline for its Q1 2025 Form 10-Q was November 12, 2024. It said it filed Form 12b-25 on August 30, 2024 and November 13, respectively.

Source · Based on the filing body and exhibits

Compliance Plan Submission and Listing and Trading Impact

The company said it submitted a compliance plan to Nasdaq on November 18, 2024. It said it believes it can file both reports and return to timely periodic reporting within the discretionary period available to the Nasdaq staff to grant. The company also said the notice has no immediate effect on the listing or trading of its common stock.

Source · Based on the filing body and exhibits

E.SUN Bank Credit Agreement Amendment and Cathay Bank Limit Reduction

The company said its Taiwan subsidiary amended its Notifications and Confirmations of Credit Agreements with E.SUN Bank on November 14, 2024, extending the period for E.SUN Bank to review the subsidiary's FY2024 financial statements from October 31, 2024 to December 31. It also said that on November 15, 2024, it entered into the Fourth Amendment to Loan Agreement with Cathay Bank, amendment 4, which reduces the revolving line and letter of credit sublimit to $458,000.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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