Shapeways has received a Nasdaq notice on May 22, 2024, for not filing its quarterly report on Form 10-Q for Q1 2024 within the required timeframe. The notice does not immediately affect the listing or trading of Shapeways' stock (SHPW). The company has until July 22, 2024, to submit a compliance plan to Nasdaq. If accepted, Shapeways could get an extension up to November 18, 2024, to file the necessary reports. Failing to do so may result in delisting. There is no assurance that Nasdaq will accept the compliance plan or grant an extension, nor guarantee Shapeways will meet compliance deadlines.
Shapeways Holdings, Inc. announced the sale of its software assets to OTTO dms, Inc., led by its CEO and software business executive. The transaction is expected to close around May 20, 2024. Shapeways will continue focusing on its core manufacturing business while exploring strategic alternatives.
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