Procaps Group Faces Nasdaq Delinquency Over Financial Filings

TL;DR

Procaps Group is in hot water with Nasdaq for missing financial filings, risking delisting.

AI Summary

Procaps Group, S.A. received a delinquency letter from Nasdaq on December 31, 2024, for failing to file its interim financial statements as required by Listing Rule 5250(c)(2). The company is a foreign private issuer and is required to file reports under the 1934 Act.

Why It Matters

Failure to comply with Nasdaq listing rules can lead to delisting, impacting the company's ability to raise capital and its stock's liquidity.

Risk Assessment

Risk Level: medium — The company is not in compliance with Nasdaq listing rules, which could lead to delisting if not resolved.

Key Players & Entities

• Procaps Group, S.A. (company) — The company filing the report and receiving the delinquency letter.
• Nasdaq (company) — The stock exchange that issued the delinquency letter.
• December 31, 2024 (date) — The date Procaps Group received the delinquency letter.
• Listing Rule 5250(c)(2) (rule) — The specific Nasdaq rule Procaps Group is not in compliance with.

FAQ

Filing Documents

• ea0226689-6k_procaps.htm (6-K) — 14KB
• ea022668901ex99-1_procaps.htm (EX-99.1) — 7KB
• ex99-1_001.jpg (GRAPHIC) — 3KB
• 0001213900-25-000776.txt ( ) — 28KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2025 Commission File Number: 001-40851 Procaps Group, S.A. (Translation of registrant’s name in English) 9 rue de Bitbourg, L-1273 Luxembourg Grand Duchy of Luxembourg R.C.S. Luxembourg: B253360 Tel : +356 7995-6138 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K On December 31, 2024, Procaps Group, S.A. (the “Company”) received a delinquency letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq’s Listing Rule 5250(c)(2) due to the Company’s failure to file its interim financial statements for the period ended June 30, 2024, on Form 6-K with the Securities and Exchange Commission. The interim financial with the delay in the filing of the Company’s Form 20-F for the fiscal year ended December 31, 2023. The Letter further stated that the Nasdaq Hearings Panel will consider this matter in its decision regarding the Company’s continued listing. The Company plans to timely respond to the most recent notice from Nasdaq and otherwise present its plan to evidence full compliance with the Company’s applicable filing requirements at its upcoming hearing before the Nasdaq Hearings Panel. The Company issued a press release relating to the foregoing, which is attached to this Form 6-K as Exhibit 99.1. 1 Exhibit Index Exhibit Number Exhibit Title 99.1 Press Release of Procaps Group, S.A. dated January 3, 2025 – Procaps Group Receives Nasdaq Notice Related to Late Filing of its Interim Financial Statements for the Period Ended June 30, 2024. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. PROCAPS GROUP, S.A. By: /s/ José Antonio Toledo Vieira Name: José Antonio Toledo Vieira Title: Chief Executive Officer Dated: January 3, 2025 3

View Full Filing

View this 6-K filing on SEC EDGAR