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Seeking Alpha 2022-07-06 09:26:14

HIVE Blockchain receives notice of deficiency from NASDAQ

HIVE Blockchain (NASDAQ:HIVE) has received a notice of deficiency from NASDAQ, stating that it is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) over its failure to timely submit its Annual report on Form 40-F for the fiscal year ended March 31, 2022.The company is required to submit a plan to regain compliance within 60 calendar days from the date of the notice. If the plan is accepted by Nasdaq, HIVE may be granted up to 180 calendar days from the due date of the Form 40-F to regain compliance.HIVE intends to file the Annual Filings on or before July 15, 2022. The notice will not result in the immediate delisting of the common stock from the Nasdaq Capital Market.Shares are down 1.2% after-hours.

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