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| PNSN > SEC Filings for PNSN > Form 8-K on 26-Sep-2012 | All Recent SEC Filings |
26-Sep-2012
Other Events, Financial Statements and Exhibits
On September 26, 2012, Penson Worldwide, Inc. (the "Company") announced that it intends to voluntarily terminate the listing of its common stock on The NASDAQ Global Market by filing a From 25 with the Securities and Exchange Commission (the "SEC") on or about October 8, 2012. As previously announced, the Company is not in compliance with NASDAQ's continuing listing requirements due to inability to maintain a minimum bid price of $1.00 , a minimum market value of publicly held shares of $5 million, and a minimum stockholders' equity of $10 million. Accordingly, the Company expects its common stock will be delisted from The NASDAQ Global Market. To ensure an orderly delisting process, the Company has decided to voluntarily terminate the listing of its common stock on The NASDAQ Global Market by filing a Form 25 with the SEC on or about October 8, 2012. Following the completion of the delisting process, the Company intends to deregister its common stock under the Securities Exchange Act of 1934, as amended and cease filing reports with the SEC.
(d) Exhibits
Exhibit Number Description
99.1 Press Release dated September 26, 2012 of Penson Worldwide, Inc.
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