Primis Financial Faces Nasdaq Compliance Deadline

Understanding Primis Financial's Delinquency Notice
On August 21, 2024, Primis Financial Corp. received a notification from Nasdaq concerning non-compliance with Nasdaq Listing Rule 5250(c)(1). This rule mandates timely filing of all required financial reports with the SEC (Securities and Exchange Commission). Primis Financial missed filing deadlines for its Quarterly Report for the periods ending June 30, 2024, and March 31, 2024, as well as the Annual Report for the year ending December 31, 2023. However, it's important to note that this notification does not immediately affect the company's stock listing on Nasdaq.