Spar gets extension for staying listed
-
- February
- 11
Spar Group Inc., a marketing company in Greenburgh, said Nasdaq has given it an extension to comply with a rule that sets out conditions for remaining listed.
The rule says a company must have a minimum of $2.5 million in stockholders’ equity, $35 million in market value of listed securities or $500,000 in net income from continuing operations a year.
The company now has until March 5 to show the U.S. Securities and Exchange Commission and Nasdaq that it complies with the rule. If the company does not submit the information, it could have its stock delisted.
Spar also has until May 27 to comply with a rule relating to the price of its stock.
This entry was posted
on Monday, February 11th, 2008 at 9:02 am by Allan Drury.
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