Core Viewpoint - Semilux International Ltd. has received a delinquency notification from Nasdaq due to its failure to timely file its annual report for the year ended December 31, 2024, which may affect its compliance status with Nasdaq Listing Rule 5250(c)(1) [1][2][3] Group 1: Compliance and Reporting - The Company has 60 calendar days from the receipt of the Deficiency Letter to submit a plan to regain compliance with the Listing Rule [2] - Nasdaq may grant an extension of up to 180 calendar days from the due date of the Annual Report, potentially until November 11, 2025, for the Company to regain compliance [2] - The delay in filing the Annual Report is primarily due to the need for additional time to finalize financial statements and prepare the report [3] Group 2: Impact on Listing - The Deficiency Letter does not have an immediate impact on the listing of the Company's ordinary shares on the Nasdaq Capital Market [4] - The announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of deficiency notifications [4] Group 3: Company Overview - Semilux is based in the Cayman Islands and operates through its subsidiaries, including Taiwan Color Optics, Inc., which specializes in optical and 3D sensing technology [5] - The Company focuses on the customization, design, and supply of optical components for various industries, including autonomous driving and intelligent lighting [5] - TCO's products are used in applications such as automotive laser headlight systems and light detection and autonomous driving systems (LiDAR) [5]
Semilux Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 20-F