- No immediate impact on Semilux's (SELX, Financial) Nasdaq listing status
- Company has 60 days to submit a compliance plan, with a potential 180-day extension
- Delayed annual report filing due to the time needed for finalizing financial statements
Semilux International (SELX) has been issued a deficiency notification by Nasdaq as of May 27, 2025, due to its failure to file the annual report Form 20-F for the fiscal year ending December 31, 2024, in a timely manner. This places the company in non-compliance with Nasdaq Listing Rule 5250(c)(1).
Despite the notification, Semilux's shares will continue trading on Nasdaq, as the deficiency doesn't immediately affect their listing status. However, to avoid potential delisting, Semilux is required to submit a compliance plan within 60 days of receiving the notification. Nasdaq may grant an extension up to November 11, 2025, to allow the company to rectify the situation.
The delay in filing is attributed to the additional time required to finalize financial statements and prepare the annual report. This has raised concerns about possible internal control or accounting issues within the company. Investors are advised to monitor the situation closely to ensure the company meets the required deadlines.
