Aeries Technology Regains Compliance with Nasdaq Listing Standards
Aeries Technology (Nasdaq: AERT) has announced its return to compliance with Nasdaq's listing standards. The company regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting after filing its Form 10-Q for Q2 2024 on October 15, 2024, and its Form 10-K for FY 2024 on September 27, 2024. The Nasdaq Staff has confirmed that the listing compliance matter is now closed.
Aeries Technology (Nasdaq: AERT) ha annunciato il suo ritorno alla conformità con gli standard di quotazione del Nasdaq. L'azienda ha riacquistato la conformità con la Regola di quotazione 5250(c)(1) del Nasdaq riguardo alla reportistica periodica dopo aver presentato il suo Modulo 10-Q per il secondo trimestre del 2024 il 15 ottobre 2024 e il suo Modulo 10-K per l'anno fiscale 2024 il 27 settembre 2024. Lo staff del Nasdaq ha confermato che la questione della conformità alla quotazione è ora chiusa.
Aeries Technology (Nasdaq: AERT) ha anunciado su regreso al cumplimiento de los estándares de cotización de Nasdaq. La compañía recuperó el cumplimiento con la Regla de cotización 5250(c)(1) de Nasdaq respecto a los informes periódicos tras presentar su Formulario 10-Q para el segundo trimestre de 2024 el 15 de octubre de 2024 y su Formulario 10-K para el año fiscal 2024 el 27 de septiembre de 2024. El personal de Nasdaq ha confirmado que el asunto de cumplimiento de la cotización ahora está cerrado.
Aeries Technology (Nasdaq: AERT)는 Nasdaq의 상장 기준 준수를 재개했음을 발표했습니다. 이 회사는 2024년 2분기 보고서를 2024년 10월 15일에 제출한 후, Nasdaq 상장 규칙 5250(c)(1)과 관련하여 주기적인 보고에 대한 준수를 회복했습니다. 2024 회계연도에 대한 10-K 양식은 2024년 9월 27일에 제출되었습니다. Nasdaq 직원은 이제 상장 준수 문제는 마감되었다고 확인했습니다.
Aeries Technology (Nasdaq: AERT) a annoncé son retour à la conformité avec les normes de cotation du Nasdaq. L'entreprise a retrouvé sa conformité avec la Règle de cotation 5250(c)(1) du Nasdaq concernant les rapports périodiques après avoir déposé son Formulaire 10-Q pour le 2ème trimestre 2024 le 15 octobre 2024 et son Formulaire 10-K pour l'exercice 2024 le 27 septembre 2024. Le personnel du Nasdaq a confirmé que la question de conformité à la cotation est désormais close.
Aeries Technology (Nasdaq: AERT) hat seine Rückkehr zur Konformität mit den Listing-Standards von Nasdaq bekannt gegeben. Das Unternehmen hat die Konformität mit der Nasdaq-Listing-Regel 5250(c)(1) in Bezug auf die regelmäßige Berichterstattung wiederhergestellt, nachdem es sein Formular 10-Q für das zweite Quartal 2024 am 15. Oktober 2024 und sein Formular 10-K für das Geschäftsjahr 2024 am 27. September 2024 eingereicht hat. Das Nasdaq-Personal hat bestätigt, dass die Anfrage zur Listing-Compliance nun abgeschlossen ist.
- Regained compliance with Nasdaq listing requirements
- Successfully filed required financial reports
- Removal of potential delisting risk
- Previous non-compliance with reporting requirements indicates past governance issues
Insights
The regaining of Nasdaq compliance represents a significant regulatory milestone for Aeries Technology. Meeting listing requirements is important for maintaining investor confidence and market access. Filing both the Form 10-Q and Form 10-K demonstrates improved financial reporting controls and corporate governance. This development removes a major regulatory overhang that could have led to delisting, which would have severely impacted trading liquidity and institutional investment capabilities. For a company with a relatively small market cap of
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Aeries Technology (Nasdaq: AERT) (the “Company”), a global professional services and consulting partner for businesses in transformation mode and their stakeholders, today announced that it has received written notice from the staff of the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC informing the Company that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting.
The regaining of compliance is a result of the October 15, 2024 filing of Aeries Technologies’ Form 10-Q for the fiscal quarter ended June 30, 2024, as well as the September 27, 2024 filing of its Form 10-K for the fiscal year ended March 31, 2024.
The Staff has advised the Company that the listing compliance matter is now closed.
About Aeries Technology
Aeries Technology (Nasdaq: AERT) is a global professional services and consulting partner for businesses in transformation mode and their stakeholders, including private equity sponsors and their portfolio companies, with customized engagement models that are designed to provide the right mix of deep vertical specialty, functional expertise, and digital systems and solutions to scale, optimize and transform a client’s business operations. Founded in 2012, Aeries Technology now has over 1,700 professionals specializing in Technology Services and Solutions, Business Process Management, and Digital Transformation initiatives, geared towards providing tailored solutions to drive business success. Aeries Technology’s approach to staffing and developing its workforce has earned it the Great Place to Work Certification.
Company Contact Information
Ryan Gardella
AeriesIR@icrinc.com
FAQ
When did Aeries Technology (AERT) regain Nasdaq compliance?
What reports did Aeries Technology (AERT) file to regain compliance?
Which Nasdaq rule did Aeries Technology (AERT) comply with?
