|
Quotes & Info
|
| ECTY > SEC Filings for ECTY > Form 8-K on 9-Nov-2012 | All Recent SEC Filings |
9-Nov-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; T
As previously announced, on May 11, 2012, Nasdaq Listing Qualifications notified ECOtality, Inc. (the "Company") that the Company's listed security no longer met the minimum $1.00 bid price per share requirement and provided the Company 180 calendar days, or until November 7, 2012, to regain compliance. Prior to the deadline, the Company, having met the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market (with the exception of the bid price rule), requested an extension to the initial grace period.
On November 8, 2012, the staff of Nasdaq Listing Qualifications notified the Company that in accordance with the Nasdaq Listing Rules (the "Rules"), the Company would be provided with an additional 180 calendar days, or until May 6, 2013, to regain compliance. The Company has informed NASDAQ that it intends to cure the bid price deficiency and regain compliance with the minimum bid price requirement of the Rules within such additional compliance period.
During the additional 180-day period, the Company's shares will continue to trade on The Nasdaq Capital Market. If at any time during this 180-day period the closing bid price of the Company's common stock is at least $1.00 for a minimum of ten consecutive business days (or a longer period up to 20 consecutive business days as determined by Nasdaq), the Company will regain compliance and the matter will be closed.
|
|