$TEUM On November 13, 2019, Pareteum Corporation (the "Company") received a notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") stating that becausethe Company had not yet filed its Quarterly Report on Form 10-Q for the periodended September 30, 2019 (the "Form 10-Q"), the Company is no longer incompliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required public financial reportswith the Securities and Exchange Commission. The Notice states that the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules (the "Plan"). If Nasdaq accepts the Company's Plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date for filing the Form 10-Q (as extended pursuant to Rule 12b-25 under the Securities Exchange Act of 1934), or until May 11, 2020, to regain compliance. The Company intends to submit the Plan within the 60 days.
  • 3
  • 1