urban-gro has been notified by Nasdaq of continued non-compliance with filing requirements. The notice, received on September 21, 2024, addresses the company's failure to submit its quarterly financial report for the period ending September 30, 2024.
The company's common stock remains listed on the Nasdaq Capital Market despite the notice. Previously, urban-gro disclosed accounting errors related to deferred tax liabilities and announced intentions to restate financial statements for fiscal years 2022 and 2023, as well as for certain quarters within those years.
The comprehensive restatement process has delayed the filing of the required Form 10-Q, which was due November 14, 2024. urban-gro filed a Form 12b-25 on November 15, 2024, signaling the late filing to the Securities and Exchange Commission (SEC).
To regain compliance, urban-gro submitted a plan to Nasdaq on September 27, 2024. Nasdaq has granted a deadline extension, requiring all delinquent filings to be completed by January 31, 2025. Failure to meet this deadline could result in a delisting notification, although the company would have the right to appeal.
urban-gro operates as a professional services and Design-Build firm, focusing on architectural, engineering, and construction management solutions for various commercial sectors including CEA, industrial, and healthcare. The company, with offices in North America and Europe, emphasizes innovation and customer service in its business approach.
For more information:
urban-gro
720-390-3880
[email protected]
urban-gro.com