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Quotes & Info
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| RNIN > SEC Filings for RNIN > Form 8-K on 5-Oct-2012 | All Recent SEC Filings |
5-Oct-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rul
(a) On October 2, 2012, Wireless Ronin Technologies, Inc. (the "Company") received a letter from the Listing Qualifications Staff of The NASDAQ Stock Market (the "Staff") notifying the Company that its common stock is subject to delisting from The NASDAQ Capital Market at the opening of business on October 11, 2012, unless the Company requests an appeal of this determination. The notice stated that the delisting is attributable to the Company's failure to comply with the minimum bid price requirement for continued listing set forth in NASDAQ Listing Rule 5810(b). The Company intends to appeal this determination to a NASDAQ Hearings Panel and anticipates that such hearing will be scheduled within the next four to six weeks. Between now and the time of the hearing, the Company intends to monitor the closing bid price of its common stock and may, if appropriate, implement available options to regain compliance with the minimum bid price requirement under NASDAQ listing rules. However, there can be no assurance that the Company will be able to regain compliance with NASDAQ continued listing requirements. If the Company's common stock were delisted, the delisting may have an adverse impact on the price of the Company's shares, the volatility of the price of the Company's shares, and/or the liquidity of an investment in the Company's shares.
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