Terra Innovatum Receives Nasdaq Compliance Letter
Terra Innovatum Global disclosed receipt of a Nasdaq Listing Delinquency Letter and provided an update on the timing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Terra Innovatum continues to work diligently to complete its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. As previously disclosed, the company is taking the necessary time to ensure the filing is aligned with its post-combination reporting requirements and accurately reflects the appropriate technical accounting treatment of certain non-cash items. The company is working diligently to file its Form 10-K on or prior to June 15, 2026. Following the filing of the Form 10-K, the company expects to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 as promptly as practicable thereafter. In connection with this timing, on May 19, 2026, the company received a notice from the Nasdaq Stock Market indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC due to its inability to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Under Nasdaq rules, the company has until June 15, 2026 to regain compliance or to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). The company remains engaged with Nasdaq regarding these filings. The Nasdaq notice has no immediate effect on the listing or trading of the company's ordinary shares on Nasdaq.
