IMTE Announces Receipt of Deficiency Letter from Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Source: Newsfilter
Compliance Issue with Nasdaq: Integrated Media Technology Limited (IMTE) has received a notification from Nasdaq indicating non-compliance with listing rules due to the late filing of its annual report for 2024, and it has until July 2, 2025, to submit a compliance plan.
Impact on Listing Status: The deficiency letter does not immediately affect IMTE's ordinary shares listing on the Nasdaq Capital Market, and the company plans to file the overdue annual report as soon as possible.
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Analyst Views on IMTE
About IMTE
Integrated Media Technology Limited is a technology investment, product development, and distribution company. The Company is engaged in the business of manufacturing and selling of nano-coated plates for filters, the manufacture and sale of electronic glass, Halal certification and distribution of Halal products, and new energy products and services. The Company's products include smart glass, halal products and services, and filters. Its laminated switchable and energy-saving glass can provide more natural light and outdoor views while minimizing heat and glare. The Company provides halal products and services through its subsidiary World Integrated Supply Ecosystem Sdn. Bhd., which is engaged in the global supply chain for halal products in a secure digital marketplace for growers, producers and traders. Its air filer products are a filtering system. Through OH Radical, air sterilization component, and five stages of air sterilization, purification and filtering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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IMTE Receives Nasdaq Warning for Stock Price Below $1
- Stock Price Warning: On December 30, 2025, IMTE received a notification from Nasdaq due to its common stock closing below $1 for 30 consecutive business days, failing to meet the minimum bid price requirement, which could impact the company's ability to raise funds.
- Compliance Period: IMTE has a compliance period of 180 days until June 29, 2026, to regain compliance by achieving a closing price of at least $1; failure to do so may require a reverse stock split to maintain listing eligibility.
- Market Reaction: Although the warning does not immediately affect the listing or trading of IMTE's common stock, the ongoing low stock price may undermine investor confidence, potentially impacting the company's future financing and growth prospects.
- Business Context: IMTE is engaged in trading Halal products, manufacturing nano-coated filters, and selling electronic glass, and fluctuations in stock price could affect its competitiveness and attractiveness to investors in these sectors.
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