PFSweb Receives Nasdaq Notice on Late Filing of its Form 10-Q
13 Août 2021 - 10:00PM
PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company,
announced that it has received a notice from the Nasdaq Stock
Market on August 10, 2021 notifying the company that, because its
Form 10-Q for the period ended June 30, 2021 (the "2021 10-Q") was
not filed with the Securities and Exchange Commission by the
required due date of August 9, 2021, the company is therefore not
in compliance with the periodic filing requirements for continued
listing set forth in Nasdaq Listing Rule 5250(c)(1).
This Notice received from Nasdaq has no immediate effect on the
listing or trading of the company's shares. Nasdaq has provided the
company with 60 calendar days, until October 11, 2021, to submit a
plan to regain compliance. If Nasdaq accepts the company's plan,
then Nasdaq may grant the company up to 180 days from the
prescribed due date for the filing of the 2021 10-Q, or February 7,
2022, to regain compliance.
The company expects and intends to submit to Nasdaq the
compliance plan by October 11, 2021.
This announcement is made in compliance with Nasdaq Listing Rule
5810(b), which requires prompt disclosure of receipt of a
deficiency notification.
About PFSweb, Inc.PFSweb (NASDAQ: PFSW) is a
global commerce services company that manages the online customer
shopping experience on behalf of major branded manufacturers and
retailers. Across two business units – LiveArea
for data-driven marketing and omnichannel experience design through
technology selection, platform implementation and orchestrated
services, and PFS for order fulfillment, contact
center, payment processing/fraud management, and order management
services – they provide solutions to a broad range of Fortune 500®
companies and household brand names such as Procter & Gamble,
L’Oréal USA, Champion, Pandora, Ralph Lauren, Shiseido Americas,
the United States Mint, and many more. PFSweb enables these brands
to provide a more convenient and brand-centric online shopping
experience through both traditional and online business channels.
The company is headquartered in Allen, TX with additional locations
around the globe. For more information, visit www.pfsweb.com.
Investor Relations:Cody Slach and Jackie
KeshnerGateway Investor
Relations1-949-574-3860PFSW@gatewayir.com
Pfsweb (NASDAQ:PFSW)
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