(Reuters) -U.S. LNG company New Fortress Energy on Tuesday said it received an expected notice from Nasdaq on non-compliance with the stock market’s listing rule for not submitting its quarterly reports with the U.S. Securities and Exchange Commission.
Shares of the company fell 2.5% in extended trading.
The notice states the company has 60 days from the date of the notice to submit a plan to regain compliance with the rule.
New Fortress Energy said it expects to file its Form 10-Q well ahead of the Nasdaq deadline.
Earlier this month, the company had flagged that it would extend its quarterly filing with the U.S. securities regulator due to a delay in completing the previously announced sale of its business in Jamaica.
(Reporting by Pooja Menon in Bengaluru; Editing by Vijay Kishore)
