Monday, November 21, 2022

TuSimple Gets Warnings From Nasdaq

San Diego-based TuSimple, a developer of autonomous driving technology, said this morning that it has received a warning from the Nasdaq, saying that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires timely filing of all required periodic financial reports with the SEC. The company said the warning came as a result of its change in board of directors and CEO on November 10th. At that time, the company said it could not file its 10-Q by the due date. The former CEO was fired after probes of information from the company being possibly funneled to a Chinese company.