Immersion Corporation Receives Additional Nasdaq Delinquency Notice; Key Updates for Investors

Key Points from the Report

• Nasdaq Delinquency Notice: On March 24, 2026, Immersion Corporation (Nasdaq: IMMR) received an additional delinquency notice from the Nasdaq Listing Qualifications Staff. This notice was due to the company’s failure to file its Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2026, as well as previous failures to file for the quarters ended July 31, 2025, and October 31, 2025.
• Potential Delisting: The notice indicates that these continued filing delays could serve as an additional basis for delisting Immersion’s securities from the Nasdaq exchange.
• No Immediate Trading Impact: The notice has no immediate effect on the company’s listing status or the trading of its shares. Trading will continue while the company addresses the issue.
• Company Response: Immersion has requested a hearing before the Nasdaq Hearings Panel, which was held on March 26, 2026, to seek additional time to regain compliance with Nasdaq’s listing rules. There is no guarantee the panel will grant the request.
• Progress on Filings: The company has since filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025, and its delayed Form 10-Q for the quarter ended July 31, 2025, on March 12 and March 26, 2026, respectively. Efforts are ongoing to file the remaining overdue reports as soon as practicable.
• Recent Acquisition: On June 10, 2024, Immersion acquired a controlling interest in Barnes & Noble Education, Inc., a leading solutions provider in the education industry.

Important Information for Shareholders

• Risk of Delisting: The most urgent and potentially price-sensitive issue is the risk of Immersion being delisted from Nasdaq if it does not regain compliance by filing all outstanding reports. Delisting could significantly affect share liquidity and value.
• Ongoing Compliance Efforts: The company is actively working to resolve its filing delays. The recent completion of two key filings shows progress, but the risk remains until all required reports are submitted and accepted by regulators.
• Uncertain Outcome: There is no assurance that Nasdaq will grant more time or that the company will regain compliance before any potential delisting action. This uncertainty may introduce volatility to the share price.
• Strategic Expansion: The acquisition of Barnes & Noble Education diversifies Immersion’s business and could present new growth opportunities, but also adds integration and execution risk, especially as the company manages regulatory compliance issues.

Company Background and Strategic Developments

Immersion Corporation, founded in 1993 and reincorporated in Delaware in 1999, is a recognized leader in haptic technology—providing tactile feedback solutions for mobile devices, gaming consoles, wearables, and automotive applications. By enabling immersive touch experiences, Immersion is positioned at the intersection of advanced user interface technology and expanding digital interactivity.

The company’s acquisition of a controlling stake in Barnes & Noble Education is a significant strategic move. Barnes & Noble Education supports hundreds of academic institutions across the United States, offering campus retail services, academic solutions, and wholesale capabilities. This move aims to drive affordability, access, and student achievement, potentially opening new revenue streams for Immersion and broadening its market exposure.

Forward-Looking Statements

Management has stated its intention and ongoing efforts to bring all delayed SEC filings up to date as soon as practicable. However, these are forward-looking statements subject to various risks and uncertainties, including Nasdaq’s decisions and the company’s ability to resolve all outstanding compliance issues. The company expressly disclaims any obligation to update these statements except as required by law.

Investor Contact

For further information, investors may contact:
J. Michael Dodson
Immersion Corporation
[email protected]

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisors before making investment decisions. The information herein is based on company disclosures as of March 27, 2026, and is subject to change without notice.

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