Spar Group receives new noncompliance letter from Nasdaq

Spar Group (SGRP) announced two Nasdaq notifications. On May 21, SGRP received a notification letter from Nasdaq stating that Spar Group is in compliance with regard to its Annual Report on Form 10-K filed on May 16th. On May 22, Nasdaq notified SGRP that it did not timely file its Quarterly Report on Form 10-Q for the period ended March 31. Based on this latest notice, the company is not in compliance with Listing Rule 5250 (c)(1), which requires the company to timely file all required periodic financial reports with the SEC.