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The company said on December 6, 2024 that it received a letter from Nasdaq stating that Nasdaq had granted the company's request for an exception to Nasdaq Listing Rule 5250(c)(1) through February 25, 2025.

8-KNotice of Delisting or Failure to Satisfy a Continued Listing Rule or StandardFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said on December 6, 2024 that it received a letter from Nasdaq stating that Nasdaq had granted the company's request for an exception to Nasdaq Listing Rule 5250(c)(1) through February 25, 2025.

  2. Under the exception, the company must file its Form 10-K for the fiscal year ended June 30, 2024 and its Form 10-Q for the period ended September 30, 2024, along with any other required filings, by February 25, 2025, the company said.

  3. The company said its common stock will remain listed on the Nasdaq Global Select Market during the exception period, and that if it files all required reports by the deadline, the stock will remain listed so long as the company complies with Nasdaq's listing rules. It said that if it does not file all required reports by the deadline, Nasdaq will notify the company that its common stock will be delisted, and the company explained that it would have the right to appeal that determination to a Nasdaq Hearing Panel.

  4. In its press release, the company said it currently expects to file all required reports by February 25, 2025. It added that this statement is forward-looking and that actual results could differ materially from those expected.

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 Grants Exception to Listing Rule 5250(c)(1)

The company said on December 6, 2024 that it received a letter from Nasdaq stating that Nasdaq had granted the company's request for an exception to Nasdaq Listing Rule 5250(c)(1) through February 25, 2025.

Source · Based on the filing body and exhibits

Reports Due Under the Exception Period

Under the exception, the company must file its Form 10-K for the fiscal year ended June 30, 2024 and its Form 10-Q for the period ended September 30, 2024, along with any other required filings, by February 25, 2025, the company said.

Source · Based on the filing body and exhibits

Listing Conditions and Steps if Reports Are Not Filed

The company said its common stock will remain listed on the Nasdaq Global Select Market during the exception period, and that if it files all required reports by the deadline, the stock will remain listed so long as the company complies with Nasdaq's listing rules. It said that if it does not file all required reports by the deadline, Nasdaq will notify the company that its common stock will be delisted, and the company explained that it would have the right to appeal that determination to a Nasdaq Hearing Panel.

Source · Based on the filing body and exhibits

Company's Expected Filing Timing

In its press release, the company said it currently expects to file all required reports by February 25, 2025. It added that this statement is forward-looking and that actual results could differ materially from those expected.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.