11:09 AM EDT, 05/30/2024 (MT Newswires) -- Ocean Biomedical ( OCEA ) said Thursday that it has been notified that it is not in compliance with the Nasdaq Stock Market's listing requirements for failure to timely file its Form 10-Q for the period ended March 31 with the Securities and Exchange Commission.

The company has previously said it had not yet filed its Form 10-Q due to "developments" with respect to the filing of its Form 10-K for the year ended Dec. 31, 2023.

Ocean Biomedical ( OCEA ) has until June 14 to submit a plan to regain compliance and until around Oct. 14 to file the delinquent Form 10-Q.

Shares of the company declined more than 2% in recent trading activity.

Price: 1.35, Change: -0.03, Percent Change: -2.17