PFSweb Receives NASDAQ Approval for Updated Compliance Plan Concerning Its Delayed Form 10-Qs
17 Novembre 2021 - 10:05PM
PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company,
announced that the NASDAQ Stock Market (“NASDAQ”) has approved its
updated plan to regain compliance with Nasdaq Listing Rule
5250(c)(1) related to the delayed filings of its Form 10-Q for the
periods ended June 30, 2021 (the “June 10-Q”) and September 30,
2021 (the “September 10-Q”). With this approval, NASDAQ has granted
the company up to 180 days from the June 2021 10-Q due date, or
February 7, 2022, to file both the June 2021 10-Q and September
2021 10-Q.
The June and September 10-Q filings have been delayed due to
additional time and work needed to meet the SEC reporting and
accounting requirements for its LiveArea divestiture, completed
August 25, 2021, as a discontinued operation and other related
financial reporting requirements associated with such divestiture,
including, but not limited to, segmentation of previously
commingled business entities, tax analysis for all geographies, and
analysis of transaction accounting treatment.
About PFSPFS, the business unit of PFSweb, Inc.
(NASDAQ: PFSW) is a premier eCommerce order fulfillment provider.
We facilitate each operational step of an eCommerce order in
support of DTC and B2B retail brands and specialize in health &
beauty, fashion & apparel, jewelry, and consumer packaged
goods. Our scalable solutions support customized pick/pack/ship
services that deliver on brand ethos with each order. A proven
order management platform, as well as high-touch customer care,
reinforce our operation. With 20+ years as an industry leader, PFS
is the BPO of choice for brand-centric companies and household
brand names, such as L’Oréal USA, Champion, Pandora, Shiseido
Americas, Kendra Scott, the United States Mint, and many more. The
company is headquartered in Allen, TX with additional locations
around the globe. For more information, visit www.pfscommerce.com
or ir.pfsweb.com for investor information.
Investor Relations:Cody Slach and Jackie
KeshnerGateway Investor
Relations1-949-574-3860PFSW@gatewayir.com
Pfsweb (NASDAQ:PFSW)
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