Smith-Midland receives Nasdaq non-compliance notice over late 10-Q filing

Smith-Midland Corporation received a notice from Nasdaq on May 29, 2026, stating the company failed to comply with Listing Rule 5250(c)(1) by not timely filing its Form 10-Q for the quarter ended March 31, 2026. The delay stems from the unanticipated resignation of a key accounting staff member that disrupted the quarter-end close process. The notice has no immediate effect on the company's listing on The NASDAQ Capital Market, but if the 10-Q is not filed by July 28, 2026, Smith-Midland intends to submit a compliance plan to Nasdaq.