Amyris receives Nasdaq deficiency notification over delayed quarterly report
Amyris, Inc. reported that it has received a standard notice from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the quarter ended March 31, 2019, and because it remains delinquent in filing its annual report on Form 10-K for the year ended December 31, 2018, it is not in compliance with Nasdaq Listing Rule 5250c1, which requires timely filing of periodic financing reports with the Securities and Exchange Commission. The Nasdaq notice has no immediate effect on the listing or trading of Amyris's common stock on the Nasdaq Global Select Market. Under Nasdaq's listing rules, Amyris has until June 3, 2019 to submit a plan to regain compliance and the company does not believe it will have filed its 2018 Form 10-K or Form 10-Q for the quarter ended March 31, 2019 by this date. If the plan is accepted by Nasdaq, Amyris can be granted an exception of up to 180 calendar days from the original due date of the 2018 Form 10-K which the company has not filed yet, or until September 30, 2019, to regain compliance. Amyris is working diligently to complete and file its 2018 Form 10-K and Form 10-Q for the quarter ended March 31, 2019 and, assuming its plan is accepted by Nasdaq, expects to regain compliance within the timeline prescribed by Nasdaq. The company recently engaged a new auditor to facilitate meeting its filing compliance.