|
|
|
DSLN Maintains SmallCap Listing
|
Business New Haven
9/29/2003
By: BNH
|
NEW HAVEN — DSL.net, Inc. (NASDAQ: DSLN) has been granted an extension of the grace period for regaining compliance with the NASDAQ SmallCap Market’s minimum-bid price rule, required for continued listing. A NASDAQ listing-qualifications panel has given DSL.net until November 17 to comply with the $1 closing bid price per-share requirement. To keep its listing the company must maintain by that date a closing bid price of at least $1 per share and, immediately thereafter, a closing bid price of $1 per share for a minimum of ten consecutive trading days. On September 16, DSLN stock closed at 78 cents a share.
In granting the extension, the NASDAQ panel acknowledged that DSL.net also "would be eligible for an additional period within which to satisfy the bid price requirement" under a proposal currently before the SEC to allow SmallCap Market issuers to receive up to two additional 180-day periods within which to regain compliance with the minimum bid price rule, provided that certain other requirements are satisfied.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
