On the risk of delisting of Class A ordinary shares of VOXX International Corporation (VOXX)

The International Trading System Limited (ITS) hereby informs on the delisting risk of Class A ordinary shares of VOXX International Corporation (ISIN US91829F1049, Shares) from The Nasdaq Stock Market LLC (Nasdaq).

Information on delisting risk of ordinary shares by Nasdaq 

On January 31, 2025 VOXX International Corporation (Company) submitted Current report Form 8-K to The United States Securities and Exchange Commission (SEC). According to the report, on January 28, 2025 the Company received a delinquency notification letter (Notice) from the Listing Qualifications Department of Nasdaq notifying the Company that due to the delay in filing the Company’s Quarterly Report on Form 10-Q for the period ended November 30, 2024 (Form 10-Q), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (hereinafter – Rule), which requires listed companies to timely file all periodic financial reports with the SEC.

The Notice provides that the Company has 60 calendar days from the date of the Notice to submit to Nasdaq a plan to regain compliance with the Rule. If Nasdaq accepts the plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the due date of the Form 10-Q to regain compliance. For more information, please refer to the report available on the SEC website.

Information regarding possible actions to be taken by ITS 

If Nasdaq suspends trading in the Company’s Class A ordinary shares, ITS will prohibit submission of orders and will restrict ability to conclude agreements in respect of the Company’s Class A ordinary shares. If the Company’s Class A ordinary shares are delisted from Nasdaq, ITS will terminate trading in the Company’s Class A ordinary shares. However, in case the Company’s Class A ordinary shares become listed, or admitted to trading on another Recognised Trading Venue, ITS will consider but does not guarantee continuation of trading in the Company’s ordinary shares.