3D printer manufacturer 3D Systems has received a notice of listing violation from the New York Stock Exchange (NYSE). The company did not file its annual report on Form 10-K for fiscal year 2023 with the SEC on time.
Under NYSE rules, 3D Systems now has six months from March 15, 2024, to file the documents to regain compliance. Depending on the circumstances, the deadline could be extended by a further six months.
The warning notice has no immediate impact on the trading of 3D Systems shares for the time being. However, the NYSE reserves the right to initiate delisting proceedings if it deems the situation to be critical.
According to the company, the financial results for 2023 presented in the earnings release on February 28 are not expected to be significantly adjusted. The company is working hard to submit the annual financial statements within the six-month deadline.
The late filing is a setback for 3D Systems. As a publicly traded company, timely and accurate financial reports are essential to maintain transparency and investor confidence. For shareholders, there is now increased uncertainty as to how the conflict with the stock exchange supervisors will develop.
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