SCHMID Group N.V. Receives Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Rhea-AI Summary

SCHMID Group N.V. (NASDAQ: SHMD) received a Determination Letter from Nasdaq on November 12, 2025 notifying the company of non-compliance with Nasdaq Listing Rule 5250(c)(1) and a determination to delist its ordinary shares and warrants unless appealed.

The company intends to timely appeal, request the automatic 15-day stay and seek an extended stay from the Nasdaq Hearings Panel while it completes and files its 2024 Annual Report on Form 20-F with the SEC. There is no assurance the Panel will grant further relief or that the company will meet continued listing requirements.

Positive

• Received Determination Letter on November 12, 2025
• Company intends to file timely appeal and pursue extended stay
• Working to complete and file the 2024 Form 20-F

Negative

• Nasdaq determined to delist for non-compliance with Rule 5250(c)(1)
• Automatic listing stay limited to 15 days unless Panel extends
• No assurance Panel will grant further stay or continued-listing relief

Insights

Listing and Compliance Analyst

SCHMID faces a material listing risk after Nasdaq determined it failed to meet filing requirements; outcome hinges on the pending appeal and timely 20‑F filing.

The company received a Nasdaq staff determination on Nov 12, 2025 to delist its ordinary shares and warrants for non‑compliance with Nasdaq Listing Rule 5250(c)(1). The Company intends to appeal and to request a stay that could preserve trading while it completes and files the 2024 Annual Report on Form 20‑F. A successful stay would postpone suspension for at least the initial 15‑day period and possibly through the hearing if the Panel grants an extension.

Key dependencies and risks are explicit and binary: the granting of a hearing stay by the Nasdaq Hearings Panel and the Company’s ability to file the 2024 Annual Report that demonstrates compliance. The press release states there is no assurance the Panel will grant the extended stay or that compliance can be evidenced even if an extension is granted. Those two facts directly determine whether listing continues or suspension and delisting proceed.

Monitor two concrete items on a short timetable: (1) whether the Company files the 2024 Form 20‑F (date unspecified in the release) and (2) whether the Panel grants the requested stay and any extension; the initial procedural stay lasts 15 days from the hearing request. Expect meaningful resolution or public updates within weeks, not months, once the appeal is filed.

FREUDENSTADT, Germany, Nov. 17, 2025 (GLOBE NEWSWIRE) -- On November 12, 2025, SCHMID Group N.V. ("SCHMID" or the “Company”) received a staff determination letter (the “Determination Letter”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Determination Letter notified that, based upon the Company’s non-compliance with the filing requirement set forth in Nasdaq Listing Rule 5250(c)(1) as of November 12, 2025, the staff had determined to delist the Company’s ordinary shares and warrants from Nasdaq unless the Company timely appeals the staff’s determination before the Nasdaq Hearings Panel (the “Panel”).

The Company intends to timely appeal the determination by Nasdaq pursuant to the procedures set forth in the Nasdaq Listing Rules. The Listing Rules also provide that a request for a hearing will stay the suspension of the listing of Company’s ordinary shares and warrants for a period of 15 days from the date of the request. Further, the Listing Rules provide that, in its hearing request, the Company may request that the stay remain in effect through the hearing and the expiration of any additional extension period granted by the Panel following the hearing. Accordingly, the Company intends to make such an extended stay request. If granted, the Company’s ordinary shares and warrants will continue to be listed and trade on The Nasdaq Capital Market under the symbol “SHMD,” respectively, for the stay period granted by the Panel.

The Company is diligently working to complete and file the Annual Report on Form 20-F for the year ended December 31, 2024 (the “2024 Annual Report”), with the Securities and Exchange Commission (the “SEC”) as soon as practicable. There can be no assurance, however, that the Company’s requests for a further stay of any suspension action by Nasdaq and the continued listing of its ordinary shares and warrants will be granted by the Panel, or that the Company will be able to evidence compliance with all applicable requirements for continued listing on The Nasdaq Capital Market should the Panel grant the Company an extension to do so.

The receipt of the Determination Letter does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding our financial outlook, our expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates or tariffs, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our current dependence on sales to a limited number of customers for most of our revenues; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the SEC on May 15, 2024, which is available on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

About SCHMID

SCHMID is a global leader in providing solutions for the high-tech industry in the fields of electronics, photovoltaics, glass, and energy systems. SCHMID N.V. and Gebr. SCHMID GmbH are headquartered in Freudenstadt, Germany. Founded in 1864, the company currently employs over 800 people worldwide and operates technology centers and production facilities at multiple locations, including Germany and China, along with several global sales and service locations. The Group focuses on developing customized equipment and process solutions for a variety of industries, including electronics, renewable energy, and energy storage. Our system and process solutions for the production of substrates, printed circuit boards, and other electronic components ensure cutting-edge technology, high yields at low production costs, maximum efficiency, quality, and sustainability through environmentally friendly manufacturing processes.

For more information about SCHMID please visit: www.schmid-group.com

Contact
Press@schmid-group.com

A photo accompanying this announcement is available at  https://www.globenewswire.com/NewsRoom/AttachmentNg/51ef63b0-fb14-455d-a887-b3184224753a

FAQ

What did Nasdaq notify SCHMID (SHMD) about on November 12, 2025?

Nasdaq issued a Determination Letter citing non-compliance with Rule 5250(c)(1) and advised it would delist SHMD unless appealed.

How long is the automatic stay of suspension when SCHMID requests a Nasdaq hearing?

The Listing Rules provide an automatic 15-day stay from the date of the hearing request.

Will SCHMID’s shares and warrants remain listed while it appeals the Nasdaq determination?

If SCHMID timely requests a hearing and the Panel grants a stay or extension, its shares and warrants may continue trading under SHMD for the stay period.

What must SCHMID file to address Nasdaq’s non-compliance notice?

SCHMID is working to complete and file its Annual Report on Form 20-F for the year ended December 31, 2024 with the SEC.

Does the Determination Letter affect SCHMID’s day-to-day operations?

The company stated the receipt of the Determination Letter does not affect its business, operations, or SEC reporting obligations.