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Smith-Midland Announces Receipt of Nasdaq Letter

  • Smith-Midland Corporation (NASDAQ: SMID) received a non-compliance letter from Nasdaq on May 29, 2026, for failing to timely file its Form 10-Q for the quarter ended March 31, 2026.
  • The non-compliance relates to Nasdaq listing rule 5250(c)(1), which mandates the timely submission of periodic financial reports to the SEC.
  • The delay in filing was caused by the unanticipated resignation of a key accounting staff member, which disrupted the quarter-end close & review process.
  • The company has replaced the departed staff member & is working to finalize management review procedures to complete the filing as soon as practicable.
  • The Nasdaq notice currently has no immediate effect on the listing status of the company's common stock on the NASDAQ Capital Market.
  • The company previously disclosed the anticipated delay via a Form 12b-25 filed with the SEC on May 14, 2026.