- Marin Software (MRIN, Financial) receives Nasdaq notice for late Form 10-Q filing.
- The company plans to address compliance issues as it navigates a potential dissolution.
- Nasdaq grants until June 16, 2025, to submit a compliance plan.
Marin Software Incorporated (MRIN), a leader in digital marketing software, has received a notification from the Nasdaq Stock Market regarding its non-compliance with Nasdaq's continued listing requirements. The company failed to file its quarterly report on Form 10-Q for the fiscal quarter ending March 31, 2025, and its annual report on Form 10-K for the fiscal year ending December 31, 2024, on time.
The Nasdaq Listing Qualifications Department's notice stipulates that Marin Software must submit a plan by June 16, 2025, to regain compliance with the listing rule 5250(c)(1). If accepted, Nasdaq may grant an extension until September 29, 2025, to achieve compliance.
In parallel, Marin Software's board has approved a Plan of Liquidation and Dissolution, pending stockholder approval. Should the dissolution proceed, MRIN shares will be delisted from Nasdaq. The company has filed a Definitive Proxy Statement with the SEC and is seeking stockholder votes on this significant decision.
For further details on the Nasdaq notification and potential stock delisting, Marin Software directs stakeholders to their Current Report on Form 8-K, now available on the SEC's website.
