Reported 2 days ago
New Fortress Energy has received a notice from Nasdaq for failing to comply with its listing rules by not submitting quarterly reports to the U.S. Securities and Exchange Commission. The company has 60 days to propose a compliance plan after citing delays in its business sale in Jamaica and the resignation of its accounting chief. It plans to file its pending Form 10-Q before the November deadline, despite recent financial struggles and a quarterly loss due to weak performance and high gas acquisition costs.
Source: YAHOO