Cherokee Inc. has received a letter from the Nasdaq Stock Market citing noncompliance because the company did not submit a quarterly report by the required time.
The Sherman Oaks fashion licensing company received the letter June 21, but announced it Tuesday. It indicated that Cherokee has until Aug. 21 to file its quarterly report or submit a plan to regain compliance with Nasdaq listing requirements.
Cherokee Global Brands expects to file the Quarterly Report as soon as reasonably practicable, at which time the company would regain compliance
The company’s fiscal first quarter ended April 29.
Shares of Cherokee (CHKE) closed Tuesday unchanged at $7.40.