HIVE Blockchain Delayed in Completion of Annual Filings Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Form 40-F
VANCOUVER, British Columbia, July 05, 2022 (GLOBE NEWSWIRE) -- HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) announces that it expects that its annual report on Form 40-F (the “Form 40-F”), which contains its annual audited financial statements, as well was its CEO and CFO certifications and its management discussion and analysis filing in Canada for the fiscal year ended March 31, 2022 (collectively, the “Annual Filings”) will be released after the scheduled filing date of June 29, 2022. The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022. As a result of the delayed filing, the Company received a letter dated July 1, 2022 (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") notifying the Company that it was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1) due to not having timely filed the 40-F. The Letter has no immediate effect on the listing or trading of HIVE’s common shares on the Nasdaq Capital Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 40-F to regain compliance.
- The Company currently anticipates being able to file the Annual Filings on or before July 15, 2022.
- The Letter has no immediate effect on the listing or trading of HIVEs common shares on the Nasdaq Capital Market.
- The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) within 60 calendar days.
- About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.