New Fortress Energy Inc. (NASDAQ: NFE) recently received a notice from the Nasdaq Stock Market, notifying the company that it is not in compliance with Nasdaq listing rule 5250(c)(1) as it has not yet filed its Form 10-Q for the period ended March 31, 2025 with the U.S. Securities and Exchange Commission (SEC).
The company is diligently working to finalize and file its Form 10-Q as soon as possible. It expects the filing to be consistent with the financial statements publicly released on May 14, 2025 for the quarter ended March 31, 2025.
The notice provides the company with 60 calendar days from the date of the notice to submit a plan to regain compliance with the rule. Upon acceptance of the plan by Nasdaq, the company may be granted up to 180 calendar days from the prescribed due date of the Form 10-Q, or until November 11, 2025, to file the Form 10-Q and regain compliance. It's important to note that the notice has no immediate impact on the listing or trading of the company's securities on the Nasdaq Stock Market.
New Fortress Energy Inc. is a global energy infrastructure company with a focus on addressing energy poverty and accelerating the world's transition to reliable, affordable, and clean energy. The company's operations involve owning and operating natural gas and liquefied natural gas (LNG) infrastructure, as well as an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to global markets.
In terms of the financial perspective, the company's Form 10-Q for the period ended March 31, 2025 is crucial for investors and stakeholders to gain insights into the company's financial performance and position during that period. The upcoming filing and any subsequent compliance with Nasdaq's listing rules will be closely monitored by the market.
It's important for the company to swiftly address the compliance issue and provide the necessary filings and plans to Nasdaq to ensure continued listing of its securities on the exchange. The market has reacted to these announcements by moving the company's shares 0.9% to a price of $2.815. If you want to know more, read the company's complete 8-K report here.
