DelistingJun 5, 2026, 04:27 PM
Driven Brands Receives Nasdaq Non-Compliance Notice for Delayed 10-Q
AI Summary
Driven Brands Holdings Inc. received a Nasdaq notice on June 1, 2026, for non-compliance with listing rules due to the delayed filing of its Q1 2026 Form 10-Q. This delay stems from a previously announced restatement of financial statements and the late filing of its 2025 Form 10-K, which has since been filed. The notice has no immediate impact on the company's stock listing or trading. Driven Brands has until July 31, 2026, to submit a compliance plan and up to November 25, 2026, to regain compliance, and is working to file the 10-Q promptly.
Key Highlights
- Received Nasdaq notice on June 1, 2026, for delayed Q1 2026 Form 10-Q filing.
- Cited non-compliance with Nasdaq Listing Rule 5250(c)(1).
- Delay is linked to previously announced restatement of prior financial statements.
- Company has 60 days (until July 31, 2026) to submit a compliance plan.
- Nasdaq may grant up to 180 days (until November 25, 2026) to regain compliance.
- The notice has no immediate effect on stock listing or trading.
- The 2025 Form 10-K was filed on May 19, 2026, resolving a prior non-compliance notice.
Price Impact
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