PFSweb: Receives NASDAQ Approval for Compliance Plan Update Regarding its Delayed Form 10-Qs – Form 8-K

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PFSweb Receives NASDAQ Approval to Update Compliance Plan Regarding Its Delayed Form 10-Q

Allen, TX – November 17, 2021 – PFSweb, Inc. (NASDAQ: PFSW), a global trading services company, has announced that the NASDAQ Stock Market (“NASDAQ”) has approved its updated plan to re-comply with the Nasdaq 5250 (c) (1) listing rule regarding late filing of its Form 10-Q for the periods ended June 30, 2021 (“June 10-Q”) and September 30, 2021 (“ 10-September-Q ”). With this approval, NASDAQ has given the company up to 180 days from the June 10-Q deadline of June 2021, or February 7, 2022, to file both the June 10-Q of 2021. and September 10-Q, 2021.

The June and September 10-Q filings were delayed due to the additional time and labor required to meet the SEC’s reporting and accounting requirements for its divestiture of LiveArea, completed on August 25, 2021, as a business. discontinued and other financial reporting requirements associated with these divestment, including, but not limited to, segmentation of previously mixed business entities, tax analysis for all geographies, and analysis of the accounting treatment of transactions.

About PFS

PFS, the business unit of PFSweb, Inc. (NASDAQ: PFSW) is a leading e-commerce order fulfillment provider. We facilitate every operational step of an e-commerce order in support of DTC and B2B retail brands and specialize in health and beauty, fashion and apparel, jewelry and consumer goods. packed. Our scalable solutions support personalized pick / pack / shipping services that respect brand ethics with every order. A proven order management platform, along with high quality customer service, strengthens our operation. With over 20 years as an industry leader, PFS is the BPO of choice for brand-centric companies and major brands, such as L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, La United States Mint and many more. . The company is headquartered in Allen, Texas with other locations around the world. For more information, visit www.pfscommerce.com or ir.pfsweb.com for investor information.

Investor Relations:

Cody Slach and Jackie Keshner

Investor Relations Gateway

1-949-574-3860

[email protected]

Disclaimer

PFSweb inc. published this content on November 18, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 18, 2021 11:11:24 AM UTC.

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