TEUM - TEUM STOCK NEWS

Pareteum Corporation (Nasdaq: TEUM) announced it could not file its delinquent reports by the November 9, 2020 deadline, resulting in a notification from Nasdaq of imminent delisting. Trading of TEUM stock will be suspended on November 12, 2020. After suspension, it is expected to transition to Pink OTC Markets, but the company cannot guarantee trading conditions or market efficiency. Despite this, Pareteum assures that its operations remain unaffected, and it plans to apply for relisting. A separate shareholder letter outlines recent progress and business highlights.

Pareteum Corporation (Nasdaq: TEUM) announced the delisting of its common stock from Nasdaq due to its failure to file multiple delinquent financial reports. The company aims to complete its financial restatement by December 31, 2020, and intends to apply for relisting on Nasdaq or another exchange afterward. Despite these setbacks, Pareteum reported progress in enhancing its management and governance, securing new partnerships, and continuing to attract customers globally, indicating a focus on sustainable growth and operational excellence.

Pareteum Corporation (Nasdaq: TEUM) announced on October 15, 2020, that the Hearings Panel of Nasdaq has extended the deadlines for the company to address specific deficiencies regarding its listing. The firm has not yet filed its Quarterly and Annual reports due to prior accounting errors. The company also fails to meet the $1.00 per share requirement for Nasdaq listing. The Panel allowed extensions provided the company submits the delinquent filings by November 9, 2020, and regains compliance with the Bid Price Rule by December 31, 2020.

Pareteum Corporation (Nasdaq: TEUM) announced a partnership with Strattner Technologies to launch the Strattner Voice brand, enhancing GSM cellular networks alongside satellite communications. This collaboration aims to provide unified mobile solutions, addressing connectivity needs during the pandemic. The Pareteum Experience Cloud platform will facilitate Strattner's entry into mobile communications by offering comprehensive services across 200+ territories. CEO Bart Weijermars emphasized the scalability and flexibility of this platform for Strattner's mobile operations.

Pareteum Corporation (Nasdaq: TEUM) announced that Mary Beth Vitale, Chairman of the Board, has been recognized as one of the most influential leaders in the boardroom by the National Association of Corporate Directors (NACD) in their 2020 NACD Directorship 100. This annual recognition highlights prominent corporate directors and governance advocates. Vitale’s achievement will be featured in the November/December issue of NACD Directorship magazine, with further recognition at the NACD Virtual Summit 2020 on October 12.

Pareteum Corporation (Nasdaq: TEUM) announced a partnership with Geneva-based Genza to establish a Mobile Virtual Network Operator (MVNO) in the UK. Utilizing the Pareteum Experience Cloud, Genza will access voice and SMS capabilities, enabling robust customer engagement across mobile and social channels. The partnership aims for a rapid market launch, fulfilling specific service requirements while reducing overhead costs. Pareteum's platform supports diverse communication services, enhancing connectivity and reliability for international voice quality.

Pareteum Corporation (Nasdaq: TEUM) announced it received an extension from Nasdaq to regain compliance with its continued listing rules, specifically regarding its bid price requirement, until December 31, 2020. The extension comes as the company has yet to file its overdue financial reports due to ongoing accounting evaluations and internal investigations. The company aims to file its delinquent Form 10-K by October 15, 2020, and additional Form 10-Q filings by October 30, 2020, to address compliance issues. Interim CEO Bart Weijermars expressed gratitude for the extension.

Pareteum Corporation (Nasdaq: TEUM) reported on August 19, 2020, that it has failed to meet the $1 bid price requirement for continued listing on Nasdaq. The company received a notification on August 14, indicating a lack of compliance and has not sufficiently demonstrated $5,000,000 in stockholders' equity in recent filings. Despite having the opportunity to update Nasdaq on its compliance plan, the company faces potential delisting and may trade on the OTC market if it cannot regain compliance by October 30, 2020.

Pareteum Corporation (Nasdaq: TEUM) announced on July 6, 2020, that it received a letter from Nasdaq granting its request to remain listed, contingent upon making overdue filings with the SEC by October 30, 2020. The company has not filed its Quarterly Report for the period ending September 30, 2019, or its Annual Report for fiscal 2019 due to an ongoing internal investigation into revenue recognition practices. Pareteum aims to complete its restatement process and submit all required filings by the deadline.