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Pathward Financial, Inc. Receives Expected Notice of Deficiency From Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

1. Pathward Financial received a compliance notice from Nasdaq for late filing. 2. The company has 60 days to regain compliance with Nasdaq requirements. 3. No immediate impact on trading or listing of Pathward Financial's stock. 4. The company intends to address compliance issues promptly. 5. Potential risks and uncertainties may affect compliance timeline.

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FAQ

Why Neutral?

The compliance notice does not immediately affect stock trading but raises concerns. Historically, late filings can indicate operational issues, potentially impacting investor confidence.

How important is it?

The compliance notice signals potential governance issues which can concern investors. Investors typically weigh compliance risks heavily, affecting their outlook on stock performance.

Why Short Term?

The company's response to regain compliance will determine short-term market perceptions. Past cases show rapid recovery can stabilize stocks when actions are taken swiftly.

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NASDAQ: PATHNASDAQ: GSNYSE: ZION
- SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward Financial, Inc. ("Pathward Financial" or the “Company”) (Nasdaq: CASH) received an expected notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on May 22, 2025. The Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q (“Form 10-Q”) for the fiscal quarter ended March 31, 2025, as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the “SEC”) on May 12, 2025. The Listing Rule requires listed companies to timely file all periodic reports with the SEC. In accordance with Nasdaq’s listing rules, the Company has 60 days after the date of the Notice to submit a plan to regain compliance with the Listing Rule. Pursuant to the Notice, Nasdaq has the discretion to grant the Company up to 180 calendar days from the filing’s due date, or until November 11, 2025, to regain compliance. The Company intends to take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable. The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq. About Pathward Financial, Inc. Pathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based financial holding company driven by its purpose to power financial inclusion. Through our subsidiary, Pathward®, N.A., we strive to increase financial availability, choice, and opportunity across our Partner Solutions and Commercial Finance business lines. These strategic business lines provide support to individuals and businesses. Learn more at www.pathwardfinancial.com. Forward-Looking Statements This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company’s expectations as to the anticipated timing of filing the Form 10-Q and the Company’s plan to regain compliance with the Listing Rule, as well as all statements that are not historical facts. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this press release due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the risk that the completion and filing of the Form 10-Q will take longer than expected; uncertainties about the timing of the Company’s submission of a compliance plan; Nasdaq’s acceptance of any such plan; the duration of any extension that may be granted by Nasdaq; and the risk that the Company will be unable to meet Nasdaq’s continued listing requirements. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in reports filed with the SEC. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company’s position as of the date of this press release. The Company expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in the Company’s expectations or any change of events, conditions, or circumstances on which any such statement is based. More News From Pathward Financial, Inc.

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