Tandy Leather receives notification of delinquency from Nasdaq
On November 18, 2019, Tandy Leather Factory received a notice from The Nasdaq Stock Market stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the three- and nine-months ended September 30, 2019, the Company is not in compliance with the continued listing requirements of Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1), in pertinent part, requires the Company to timely file all required periodic reports with the Securities and Exchange Commission. The Company previously reported its filing delay and notice of delinquency from Nasdaq relating to its Quarterly Report on Form 10-Q for the three- and six-months ended June 30, 2019. The Company submitted to Nasdaq on October 21, 2019, its plan to regain compliance. Nasdaq has accepted this plan and granted the Company an extension until February 17, 2020 to regain compliance by filing the Quarterly Reports on Form 10-Q for both of the quarters ended June 30 and September 30, 2019.