Sep. 7 at 6:38 AM
$ELPW 60 calendar days from the receipt of this notice (PR dated 7-14) to submit their plan of compliance to the NASDAQ.
Due to the fact that company had not filed Form 20-F for the fiscal year ending December 31st 2024, it fell out of compliance with the NASDAQ listing rule 5250 (c)(1), requiring listed companies to timely file all required financial reports with the SEC by the deadline.
The 60th "calendar" day falls on 9-12-25.
So basically the company has to complete and upload Form 20-F to the SEC. Once that is completed, NASDAQ should in all probability Grant the company an extension of up to 180 days from the Form 20-F's "due date" of 9-12-25. There is also some verbiage within the pr stating an October 17th 2025 deadline, which seems out of place and mathematically incorrect.
If for some reason they do not get this form filed in time, and the NASDAQ doesnt accept their plan, the company will have an opportunity to appeal that decision to the NASDAQ hearing panel
