Warrantee Inc. Receives Notification of Deficiency from Nasdaq Regarding Timely Filing of Interim Report on Form 6-K
10 Abril 2024 - 5:05PM
Warrantee Inc. (Nasdaq: WRNT) (the “Company” or “Warrantee”), a
Japanese marketing and market research technology company, today
announced that it received a notice of non-compliance from Nasdaq
Stock Market LLC (“Nasdaq”) on April 4, 2024 stating that, as a
result of not having timely filed its interim report on Form 6-K
for the six months ended September 30, 2023, the Company is not in
compliance with Nasdaq Listing Rule 5250(c)(2), which requires each
foreign private issuer to submit on a Form 6-K an interim balance
sheet and income statement as of the end of its second quarter to
the U.S. Securities and Exchange Commission. This notice has no
immediate effect on the listing or trading of the Company's
American Depositary Shares on Nasdaq.
Under Nasdaq’s listing rules, the Company has 60
calendar days to submit a plan to regain compliance. If the plan is
accepted by Nasdaq, the Company can be granted up to 180 calendar
days from the interim report’s due date, or until September 27,
2024, to regain compliance.
The Company is working diligently to complete
the interim report and will file the report as soon as practicable.
If the Company files the interim report for the six months ended
September 30, 2023 within the 60-day period described above, it
will not need to submit a formal plan to regain compliance.
This announcement is made in compliance with
Nasdaq Listing Rule 5810(b), which requires prompt disclosure of
receipt of a deficiency notification.
About Warrantee Inc.
Founded in Japan in 2013, Warrantee is a
Japanese marketing and market research technology company that
helps corporate sponsors unlock value through targeted marketing
campaigns while providing its corporate sponsors' potential
customers who participate in its campaigns with extended warranty
coverage on durables or certain healthcare benefits sponsored by
its corporate sponsors. Warrantee focuses on developing a suite of
specialized marketing and market research services and these
services are designed to collect and leverage targeted and
specialty data of its corporate sponsors' potential customers to
provide proprietary market insights to its corporate sponsors and
promote the sales of their products. At the core of Warrantee's
current business of providing marketing campaign services is its
trinity model, which connects three stakeholders: corporate
sponsors, campaign participants, whom Warrantee also refers to as
users, and Warrantee, and is designed to benefit all three
stakeholders. For more information, please visit the Company's
website: https://warrantee.com/ir/.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can find many (but not all) of these statements by
the use of words such as “may,” “will,” “should,” “believe,”
“expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,”
“continue,” “predict,” “project,” “potential,” “target,” “goal,” or
other similar expressions in this prospectus. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please
contact:
Warrantee Inc.Investor Relations
DepartmentEmail: info@warrantee.co.jp
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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