JDA Software announces receipt of non-compliance notice from NASDAQ.
M2 EQUITYBITES-May 18, 2012-JDA Software announces receipt of non-compliance notice from NASDAQ(C)2012 M2 COMMUNICATIONS http://www.m2.com
Provider of integrated supply chain solutions, JDA Software Group Inc (NASDAQ:JDAS) revealed on Thursday that it received a non-compliance letter from the NASDAQ staff regarding NASDAQ Listing Rule 5250(c)(1) on 15 May 2012.
Additionally, the company said that the notice pointed out that it is yet to file its Quarterly Report on Form 10-Q for the period ended 31 March 2012 and its Annual Report on Form 10-K for the period ended 31 December 2011 with the US Securities and Exchange Commission (SEC).
Accordingly, the company needs to submit an updated plan of compliance to NASDAQ by 30 May 2012 which, if accepted, will provide it with an additional cure period of up to 180 calendar days from the Form 10-K's original due date, or until 28 August 2012 to regain compliance.
Further, the company said it is making this disclosure in compliance with NASDAQ Listing Rule 5810(b).
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 18, 2012|
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