IMMERSION CORP 8-K

What Happened

• Immersion Corporation (IMMR) disclosed that on March 24, 2026 it received a Staff Determination Letter from the Nasdaq Listing Qualifications Staff saying the company’s failure to timely file certain Form 10-Qs (including the quarter ended January 31, 2026) could be an additional basis for delisting. The company requested a hearing under Nasdaq rules, which was held March 26, 2026. The notice does not have an immediate effect and trading was not suspended or halted by this letter.
• The company said it filed its Form 10-K for the fiscal year ended April 30, 2025 on March 12, 2026 and filed the Form 10-Q for the fiscal quarter ended July 31, 2025 on March 26, 2026. Immersion is working to complete and file the overdue Form 10-Qs for the quarters ended October 31, 2025 and January 31, 2026 as soon as practicable.
• Separately, on March 27, 2026 the Board declared a quarterly cash dividend of $0.075 per share, payable May 1, 2026 to shareholders of record on April 20, 2026.

Key Details

• Nasdaq Staff Determination Letter received: March 24, 2026; Hearings Panel hearing held: March 26, 2026.
• Filed: Form 10-K (fiscal year ended April 30, 2025) on March 12, 2026; Form 10-Q (quarter ended July 31, 2025) on March 26, 2026.
• Outstanding overdue reports: Form 10-Qs for quarters ended October 31, 2025 and January 31, 2026 (work in progress).
• Dividend: $0.075 per share, record date April 20, 2026, payable May 1, 2026; future dividends subject to Board review.

Why It Matters

• Compliance and listing risk: Nasdaq’s staff flagged additional late filings as potential grounds for delisting. While there is no immediate trading suspension, a denial of the company’s request for more time could materially affect liquidity and shareholder value. Investors should watch for Nasdaq’s decision and the company’s remaining filings.
• Cash return to shareholders: The declared $0.075 quarterly dividend indicates the Board is continuing shareholder distributions for now, but it also noted dividends may be changed or withdrawn depending on future reviews.
• Next actions for investors: Monitor Immersion’s SEC filings for the overdue 10-Qs, updates from the Nasdaq Hearings Panel, and subsequent company announcements to assess regulatory outcome and any impacts on operations or capital allocation.