Primis Financial Grapples with NASDAQ Compliance Hurdles

Primis Financial (FRST) has provided an update.

Primis Financial Corp. faces a compliance issue with Nasdaq after failing to file its annual report on time, primarily due to a restatement of its financials and an ongoing review process with the SEC. The company received a warning from Nasdaq but remains listed as it works to resolve the matter. Primis Financial expects to file the overdue report before the deadline to submit a compliance plan, thereby averting the need for such a plan. The company’s recent press release confirms the receipt of the notice from Nasdaq and assures continued efforts to meet regulatory requirements.

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