Immersion Corporation shares took a hit late Friday. The stock fell 1.5% in after hours trading.
The drop came after the company revealed another problem with Nasdaq. Immersion received its third compliance notice this year. The issue is delayed financial filings.
Nasdaq sent the latest notice on December 23, 2025. It said Immersion failed to file its quarterly report for the period ending October 31, 2025. This is not the first time. The company received similar warnings on August 20 and September 29 for late annual and first quarter reports.
Now Immersion is under pressure to respond. It must submit a new compliance plan to Nasdaq by January 7, 2026. If it does not, the situation could get worse.
The company says the delays are tied to ongoing investigations by its audit committee. These investigations involve Immersion and its subsidiary, Barnes and Noble Education. Because of this, some previously released financial numbers will need to be corrected.
Immersion said the investigations have made it impossible to finish the financial reports. This includes both quarterly and annual filings. Management says it is working as fast as possible to complete everything.
There is still no clear timeline. Immersion said the process depends on finalizing Barnes and Noble Education’s financials and combining them with its own.
Immersion is known for its haptic technology. The company makes touch based feedback systems used in phones, cars, gaming devices, and consumer electronics.
For now, investors are left waiting. And the uncertainty is weighing on the stock.
