NextPlay Technologies receives Nasdaq notice over delayed quarterly report

NextPlay Technologies announced that the company received a notification letter, on July 19, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market LLC stating the company remains noncompliant with Nasdaq Listing Rule 5250(c)(1), as a result of not having timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2023. Additionally, the company has not yet filed its Annual Report on Form 10-K for the fiscal year ended February 28, 2023. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all periodic reports with the Securities and Exchange Commission. As previously disclosed, the company received a notification letter from Nasdaq on June 9, 2023 due to its failure to timely file its Annual Report on Form 10-K for the fiscal year ended February 28, 2023 with the Commission. The Nasdaq notification letters have no immediate effect on the listing of the company’s common stock on The Nasdaq Capital Market.