Eargo slumps on another delayed filing, possible Nasdaq action

Eargo

12/05/2022 11:57

** Hearing aid maker's shares  EAR.O  fall 28.8% to $1.21
premarket 
    ** Co expects it will not be able to file its quarterly
filing with securities regulators on time, and anticipates that
the Nasdaq may take additional action (https://bit.ly/3w8XL3T)
    ** Co in November and March also delayed its "10-Q" filing
with the U.S. SEC, and Nasdaq notified co it was not in
compliance with its listing rules
    **  Nasdaq's notification in March said that any other
exception to allow co to remain listed would be limited to May
16
    ** EAR in September said it was being investigated by DoJ 
insurance reimbursement claims submitted by EAR on behalf of
customers covered by Federal employee health plans; agreed to
pay $34.4 mln in April to settle with the DoJ  urn:newsml:reuters.com:*:nL3N2WR40M
    ** Stock down ~66% YTD 

 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manaswrites15))