Failure to Satisfy Listing Rule - Form 8-K

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 19, 2024, Smith-Midland Corporation (the "Company") received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report in Form 10-K for the year ended December 31, 2023 (the "Form 10-K"). The delay in filing the Form 10-K is related to the Company requiring additional time to complete its financial reporting close process, as referenced in the recent filing of Form 12b-25. The Company expects to file the Form 10-K in the near future.