PowerUp gets Nasdaq late filing notice of Form 10-Q

PowerUp Acquisition announced that, on June 3, the Company received a notice from the Nasdaq Listing Qualifications Department indicating that the Company was not compliant with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250 c1 , which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission,SEC….The Notice indicates that the company must, no later than August 2, submit a plan to regain compliance with respect to the filing requirement. Following receipt of such plan, Nasdaq may grant an extension of up to 180 calendar days from the due date of the company’s Quarterly Report on Form 10-Q for the period ending March 31 or until November 18 , for the Company to regain compliance. However, on June 5 the company filed the Form 10-Q with the SEC and, as a result of that filing, the Company believes it has fully regained compliance with the Nasdaq Listing Rule.