VSee Health, Inc. Receives Nasdaq Notice Regarding Delayed Form 10-Q Filing
September 11 2024 - 3:15PM
Business Wire
VSee Health, Inc. (the “Company”) (Nasdaq: VSEE),
announced today that on September 6, 2024, the Company received a
notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that
because the Company had not yet filed its Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2024 (the “Form
10-Q”), the Company is not in compliance with Nasdaq’s listing rule
5250(c)(1), which requires timely filing of periodic financial
reports with the Securities and Exchange Commission (the
“SEC”).
The Nasdaq notice has no immediate effect on the listing or
trading of the Company’s common stock or its public warrants on The
Nasdaq Capital Market. The Company has until November 5, 2024 to
submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the
Company’s plan, then Nasdaq may grant the Company up to 180
calendar days from the Form 10-Q’s original due date, or until
February 18, 2025, to regain compliance. The Company intends to
take the necessary steps to regain compliance with Nasdaq’s listing
rules and file the Form 10-Q as soon as practicable.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these
forward-looking statements can be identified by the use of words
such as “believes,” “expects,” “intends,” “plans,” “estimates,”
“assumes,” “may,” “should,” “will,” “seeks,” or other similar
expressions. Such statements may include, but are not limited to,
statements regarding the Company’s ability to regain compliance
with Nasdaq’s listing rules within the required timeframe. These
statements are based on current expectations on the date of this
press release and involve a number of risks and uncertainties that
may cause actual results to differ significantly, including those
risks set forth in the Company’s most recent Annual Report on Form
10-K and any subsequent Quarterly Reports on Form 10-Q and other
documents filed with the SEC. Copies of such filings are available
on the SEC’s website at www.sec.gov. The Company does not assume
any obligation to update or revise any such forward-looking
statements, whether as the result of new developments or otherwise.
Readers are cautioned not to put undue reliance on forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240911991637/en/
LHA Investor Relations Tirth T. Patel 212-201-6614
tpatel@lhai.com
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