Mesa Air receives non-compliance letter from NASDAQ

Mesa Air Group announced that it received a notice on August 16 from the Listing Qualifications Department of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250 because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended June 30 with the SEC. The filing delay is not the result of a forthcoming restatement of the Company’s financial statements or any disagreement with the Company’s auditors. The Notice has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. The Notice states that the Company has 60 calendar days from the date of the Notice to submit a plan to regain compliance with the Listing Rule. If Nasdaq accepts the Company’s plan to regain compliance, then Nasdaq may grant the Company up to 180 calendar days from the prescribed due date of the Form 10-Q, or until February 10, 2025, to file the Form 10-Q to regain compliance. The Company continues to work diligently to complete the Form 10-Q and plans to file the Form 10-Q well in advance of the 60-day notice period and expects to regain compliance with the Listing Rule.