Viomi Dodges Nasdaq Delisting, Secures Lifeline After Critical Filing Failure
Tech Firm Granted Reprieve After Missing Key Financial Deadline
GUANGZHOU, China – In a dramatic turn of events, Chinese tech firm Viomi Technology Co. has narrowly avoided a major crisis with the Nasdaq stock exchange. The company, a prominent name in home water solutions, announced today it has been granted a crucial extension after failing to meet a critical financial reporting deadline, a move that staves off immediate regulatory action and gives the company a second chance to get its house in order.
The trouble began for Viomi (NASDAQ: VIOT) when it missed the deadline for filing its annual report, known as a Form 20-F, for the fiscal year that concluded on December 31, 2024. This filing is a non-negotiable requirement for foreign companies listed on U.S. exchanges, providing investors and regulators with essential transparency into a company's financial health and operational performance.
As a direct result of the delay, the Nasdaq Staff formally notified Viomi on May 21, 2025, that it was in breach of Listing Rule 5250(c)(1). This notification placed the company in a precarious position, as continued non-compliance could ultimately lead to the delisting of its stock from the prestigious exchange—a devastating blow for any public company and its shareholders.
A Scramble for Compliance
Facing immense pressure, Viomi's management scrambled to address the serious compliance issue. The company submitted a detailed plan and supporting materials to the exchange on July 2, 2025, outlining its case for a reprieve. This submission was a critical effort to convince Nasdaq that the filing delay was manageable and that the company was fully committed to regaining compliance.
After a thorough review of Viomi's submission, the Nasdaq Staff determined to grant the company an exception. This decision, announced on July 30, 2025, provides Viomi with a vital window of opportunity to file its overdue Form 20-F and rectify its non-compliant status. The terms of the exception require the company to submit the overdue report to officially regain its standing under the listing rule.
Investors will be watching closely as Viomi works to finalize and submit its annual report. The Nasdaq's decision serves as a critical lifeline, but the company remains under scrutiny. Successfully filing the Form 20-F is now the top priority for Viomi to restore full confidence and secure its long-term standing on the global market.
