Pioneer Power receives Nasdaq listing deficiency notice

Pioneer Power announced that on May 24, 2024, the Company received a delinquency notification letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023, with the Securities and Exchange Commission. The 10-Q Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. The 10-Q Notice provides that the Company has until June 17, 2024 to submit a plan to regain compliance with respect to the delinquent reports.