IMTE Announces Receipt of Delisting Determination Letter from Nasdaq
Rhea-AI Summary
Integrated Media Technology (NASDAQ: IMTE) received a delisting determination letter from Nasdaq on Oct 31, 2025 after failing to timely file its Form 20-F for year ended Dec 31, 2024 in breach of Listing Rule 5250(c)(1).
Nasdaq indicated IMTE's common stock would be suspended and delisted at the opening of business on Nov 10, 2025 unless the company timely requests a hearing before the Nasdaq Hearings Panel. IMTE said it intends to request a hearing, which automatically stays suspension/delisting for 15 days from the hearing request, subject to the Panel's decision on any extended stay. Nasdaq had previously granted an exception until Oct 29, 2025, which the Staff determined was not met.
Positive
- Company intends to request a Nasdaq Hearings Panel hearing
- Hearing request triggers an automatic 15-day stay of delisting
- Nasdaq previously granted an exception through Oct 29, 2025
Negative
- Nasdaq determined non-compliance with Listing Rule 5250(c)(1)
- Failure to file Form 20-F for year ended Dec 31, 2024
- Possible suspension and delisting effective Nov 10, 2025
- Company failed to meet terms of the granted exception
News Market Reaction
On the day this news was published, IMTE declined 5.46%, reflecting a notable negative market reaction. Argus tracked a peak move of +32.9% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $200K from the company's valuation, bringing the market cap to $3M at that time.
Data tracked by StockTitan Argus on the day of publication.
As previously disclosed, on May 8, 2025, Staff granted the Company an exception until October 29, 2025 to regain compliance with the Listing Rule (the "Exception"). Upon further review, Staff determined that the Company did not meet the terms of the Exception. Specifically, the Company failed to file the Delinquent Filings during the extended period.
The Company intends to timely request a hearing before the Panel. The hearing request will result in a stay of any suspension or delisting action for a period of 15 days from the date of the request, subject to the Panel's further review and grant of an extended stay. The Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable but in any event no later than 15 calendar days following the deadline to request the hearing.
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the businesses of the trading in Halal products, the manufacture and sale of nano coated plates for filters, and the manufacturing and sale of electronic glass. For more information, please visit www.imtechltd.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE's expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company's most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the sections entitled but not limited to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in IMTE's annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov and at www.imtechltd.com.
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SOURCE Integrated Media Technology Limited
FAQ
Why did Nasdaq issue a delisting determination for IMTE (NASDAQ: IMTE) on Oct 31, 2025?
What is the effective delisting date Nasdaq gave IMTE (NASDAQ: IMTE)?
What immediate action did IMTE (NASDAQ: IMTE) say it will take after the Oct 31, 2025 letter?
How long does a hearing request stay Nasdaq suspension for IMTE (NASDAQ: IMTE)?
Had Nasdaq previously given IMTE (NASDAQ: IMTE) extra time to regain compliance?
