Marin Software Incorporated, a digital marketing software provider, announced on May 21, 2025, that it received a notice from NASDAQ regarding non-compliance due to delayed SEC filings for its quarterly and annual reports. The Company is currently out of compliance with NASDAQ Listing Rule 5250(c)(1) which mandates timely filing of required periodic reports.
- Delinquent SEC Filings:
Marin failed to file the quarterly report (Form 10-Q) for the quarter ended March 31, 2025, and continues to be delinquent on the annual report (Form 10-K) for the fiscal year ended December 31, 2024. - NASDAQ Compliance Deadline:
The Company has 60 calendar days from the initial notice date (until June 16, 2025) to submit a plan to NASDAQ for regaining compliance. If accepted, NASDAQ may grant an extension of up to 180 days from the Form 10-K due date (until September 29, 2025). - Voluntary Liquidation and Dissolution:
Marin’s board approved a voluntary liquidation and dissolution plan, subject to shareholder approval. If approved, the Company will proceed with dissolution, resulting in delisting of its common stock from NASDAQ. - Further Information:
Additional details can be found in the Company’s Current Report on Form 8-K filed with the SEC, available on sec.gov.
Marin Software faces significant risks related to its NASDAQ listing due to delayed SEC filings. While exploring options to regain compliance, the Company is also considering voluntary liquidation pending stockholder approval, which would lead to delisting.
