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The Stamford company says it presented a plan of compliance to the Nasdaq at a June 6 hearing, which included the possibility of a late filing of its latest quarterly report.
The extension is contingent upon company providing written periodic updates to Nasdaq.
The company has identified apparent errors in its previously filed financial statements for 2015-17 and for the first two quarters of 2018.
The more than $25 million expansion of Iona's School of Business was funded, in part, by the largest donation in the college's history.
The Stamford company also revised its fourth-quarter revenue guidance down from $60 million to $65 million to $47 million to $50 million.
The company is on pace to be worth $200 million by year’s end, says Chairman, CEO and President Robert V. LaPenta.