Microvast Holdings ( (MVST) ) has released a notification of late filing.
Microvast Holdings, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to the company’s transition from an emerging growth company, which requires compliance with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act. Additionally, the company is conducting an asset valuation assessment of its Clarksville, Tennessee facility. Microvast anticipates filing the report within the 15-day extension period allowed. The company has stated that no significant changes in financial results are expected compared to the previous fiscal year. Microvast is actively working to complete its financial reporting and internal control assessments, as indicated by the signature of Isida Tushe, President, General Counsel, and Corporate Secretary.
More about Microvast Holdings
YTD Price Performance: -39.83%
Average Trading Volume: 10,928,650
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $479.4M
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