Royalty Management Holding gets Nasdaq extension to June 30, 2025 to hold annual meeting
Royalty Management Holding Corp (RMCO) received a Nasdaq notice that it had not held an annual shareholder meeting within twelve months of its fiscal year end of December 31, 2023, as required by Nasdaq Listing Rule 5620(a). On February 12, 2025, Nasdaq granted the company an extension until June 30, 2025 to regain compliance under its proposed plan, which includes holding an annual meeting. The company says it fully anticipates meeting the requirements within that period, so the stock is not delisted at this time but the deadline is a continued listing condition.
- Nasdaq letter cited failure to hold an annual meeting under Listing Rule 5620(a) for the fiscal year ended December 31, 2023
- Company submitted a written compliance plan to Nasdaq on January 27, 2025
- Nasdaq granted an extension to regain compliance until June 30, 2025, conditioned on, among other things, holding an annual shareholder meeting