Immersion Co.

Immersion Corporation has filed its annual report (Form 10-K) late for the fiscal year ended April 30, 2025. Delays were caused by audit committee investigations at Immersion and the consolidated entity Barnes & Noble Education, which led to corrections of previously reported figures. NASDAQ has already issued multiple compliance notices and a deficiency letter; management is working to restore SEC and NASDAQ compliance. The annual meeting has been postponed to April 6, 2026; details will be provided in the definitive proxy materials. » More on de.investing.com

Immersion received a third notice from NASDAQ for failure to timely file the quarterly report for the period ended October 31, 2025, and must submit a plan to regain compliance by January 7, 2026. The delays stem from ongoing audit investigations at Immersion and its consolidated subsidiary Barnes & Noble Education, which will lead to restatements. Management is working intensively on the financials, and the stock fell about 1.5% in after-hours trading. » More on de.investing.com

Immersion’s board has put in place a temporary shareholder rights plan (a "poison pill") through Oct. 31, 2026, which is triggered if outstanding common stock exceeds 9.99%. The move follows a public letter from Scott A. Larson; the company said his statements were inaccurate. Immersion also suspended its share repurchase program and closed its insider trading window while an investigation and a restatement of the consolidated financial statements for Barnes & Noble Education continue. The company cannot publish current financials before the BNED review is complete and was recently subject to NASDAQ warnings for late filings; the next quarterly report is scheduled for Dec. 12, 2025. » More on de.investing.com