SAN FRANCISCO, April 25, 2024 /PRNewswire/ — Autodesk, Inc. (NASDAQ: ADSK) has received a deficiency notice from the Nasdaq Listing Qualifications Staff, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1). This follows the company’s failure to file its Annual Report on Form 10-K for the fiscal year ended January 31, 2024, as previously disclosed in its Form 12b-25 and a press release issued on April 16, 2024.
The notice does not immediately impact the trading of Autodesk's common stock on the Nasdaq Global Select Market. However, it serves as a formal reminder of the importance of adhering to regulatory deadlines. Under Nasdaq rules, Autodesk has 60 calendar days from the date of the notice to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension of up to 180 days from the original filing deadline, which would push the compliance window to October 14, 2024.
The delay in filing the Form 10-K was due to ongoing internal investigations, as outlined in the Form 12b-25 and the prior press release. The investigation is still active, and the company is working diligently to complete it and file the report as soon as possible. So far, no material impact has been identified on previously issued financial statements or the earnings release from February 29, 2024.
This press release includes forward-looking statements that involve risks and uncertainties. These statements relate to the timing of the internal investigation, the filing of the Form 10-K, and the company’s efforts to regain compliance with Nasdaq requirements. Actual results could differ materially due to various factors, including the pace of the investigation, the conclusions of the audit committee, and the approval of any compliance plan by Nasdaq.
For more details on potential risks and uncertainties, please refer to Autodesk’s recent SEC filings, including its Form 10-K for the fiscal year ended January 31, 2023, and subsequent quarterly reports.
Autodesk continues to innovate across industries such as architecture, engineering, construction, product design, and media. Its software empowers professionals to tackle complex challenges and create solutions that make a difference globally. For more information, visit autodesk.com or follow @autodesk on social media.
Autodesk uses its investor relations website as a key channel for sharing important non-public information and updates. Investors are encouraged to monitor this site alongside official press releases, SEC filings, and public events.
Autodesk, AutoCAD, BIM 360, and Fusion 360 are registered trademarks of Autodesk, Inc. All other brand names and product names are the property of their respective owners. Autodesk reserves the right to change product offerings, specifications, and pricing without notice. The company is not responsible for typographical or graphical errors in this document.
© 2024 Autodesk, Inc. All rights reserved.
SOURCE: Autodesk, Inc.
Electrical Enclosures
Electrical Enclosures,Traffic Signal Controller Cabinet,Waterproof Electronic Cabinet,Metal Electrical Enclosure
FCX Metal Structure Co., Ltd. , https://www.fcxmetal.com