Marin Software Incorporated Receives Nasdaq Notification Regarding Late Form 10-K Filing and Continued Listing Requirements
April 22 2025 - 4:15PM
Business Wire
Marin Software Incorporated (NASDAQ: MRIN) (“Marin,” “we,”
“our,” or the “Company”), a provider of digital marketing software
for performance-driven advertisers and agencies, on April 16, 2025,
received a notice (the “Notice”) from the Listing Qualifications
Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating
that, as a result of the delinquency in the timely filing of the
Company’s annual report on Form 10-K for the fiscal year ended
December 31, 2024 (the “Form 10-K”), the Company is out of
compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing
Rule”), which requires listed companies to timely file all required
periodic reports with the Securities and Exchange Commission (the
“SEC”).
In accordance with Nasdaq’s listing rules, the Company has 60
calendar days after the date of the Notice, or until June 16, 2025,
to submit a plan to regain compliance with respect to the
delinquent Form 10-K filing. If the plan is accepted by Nasdaq,
Nasdaq can grant an exception of up to 180 calendar days from the
due date of the Form 10-K, or until September 29, 2025, to regain
compliance.
The Company intends to consider plans to regain compliance with
the Rule. However, as previously reported, the Company’s board of
directors approved the voluntary liquidation and dissolution of the
Company (the “Dissolution”) and adopted a Plan of Liquidation and
Dissolution of the Company (the “Plan of Dissolution”), subject to
stockholder approval. If the stockholders approve the Dissolution
and the Company proceeds with the Dissolution in accordance with
the Plan of Dissolution, the Company’s common stock will be
delisted from Nasdaq.
For additional information regarding the Nasdaq notification and
related terms, please see the Current Report on Form 8-K that the
Company filed with the SEC today, which is available at
sec.gov.
About Marin Software
Marin Software Incorporated (NASDAQ: MRIN) provides a
cross-channel advertising management platform that enables digital
marketers to measure, manage, and optimize their online advertising
campaigns. Founded in 2006, Marin is headquartered in San
Francisco, California.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). Statements preceded by,
followed by or that otherwise include the words “believe,”
“anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,”
“prospects,” “outlook,” and similar words or expressions, or future
or conditional verbs such as “will,” “should,” “would,” “may,” and
“could” are generally forward-looking in nature and not historical
facts. These forward-looking statements involve known and unknown
risks, uncertainties and other factors. Among the important factors
that could cause actual results to differ materially from those
indicated by such forward-looking statements are risks relating to,
among other things, our ability to file the Form 10-K within the
period provided by Nasdaq to do so, and/or timely submit an
acceptable plan to regain compliance with the Nasdaq continued
listing rules within the periods provided by Nasdaq; the
Dissolution; our ability to timely file our subsequent periodic
reports with the SEC; our ability to maintain the listing of our
common stock on the Nasdaq Capital Market; changes in domestic and
foreign business, market, financial, political and legal
conditions. Marin disclaims any intention to, and undertakes no
obligation to, revise any forward-looking statements, whether as a
result of new information, a future event, or otherwise, except as
required by applicable law. Information regarding the foregoing and
additional risks may be found in the section entitled “Risk
Factors” in the Company’s Quarterly Report on Form 10-Q filed with
the SEC on November 12, 2024, and the Company’s future reports to
be filed with the SEC. The forward-looking statements in this press
release are based on information available to Marin as of the date
hereof. The Company disclaims any obligation to update any
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250422877429/en/
Investor Contact: ir@marinsoftware.com
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