Earlier this month, NFE sought more time from the SEC to file its second-quarter report due to ongoing negotiations related to additional credit support that is required to be delivered under one of its debt instruments.
NFE announced the receipt of the Nasdaq notice in a statement on August 22.
The notice states that NFE is not in compliance with Nasdaq listing rule 5250(c)(1) because it has not yet filed its Form 10-Q for the period ended June 30, 2025, with the SEC.
“The company is continuing to work diligently to finalize and file its Form 10-Q as soon as possible,” NFE said.
NFE noted that the company has 60 calendar days from the date of the notice to submit a plan to regain compliance with the rule, and the company expects to file the 10-Q “well before the plan is due to Nasdaq.”
If Nasdaq accepts the company’s plan to regain compliance, Nasdaq may grant the company up to 180 calendar days from the prescribed due date of the Form 10-Q, or until February 16, 2026, to file the Form 10-Q to regain compliance.
NFE said the notice has no immediate impact on the listing or trading of the company’s securities on the Nasdaq stock market.
If the company fails to timely regain compliance with Nasdaq’s listing rules, the company’s Class A common stock will be subject to delisting from Nasdaq, it said.
This is not the first time NFE has received a notice from Nasdaq.
In May, NFE received the same notice from Nasdaq after it did not submit its first-quarter results on time.
NFE rescheduled the release of its first-quarter results from May 12 to May 14 to announce the closing of the Jamaica transaction, and announce an update to the use of proceeds.
