Acrodyne Announces Voluntary Delisting from the Nasdaq SmallCap Market.Business Editors COCKEYSVILLE, Md.--(BUSINESS WIRE)--Sept. 20, 2000 Acrodyne Communications, Inc. (Nasdaq: ACROE) announced today that it will be delisted from the Nasdaq SmallCap Market effective September 21, 2000. Nasdaq suspended trading Suspended trading Temporary halt in trading in a particular security, in advance of a major news announcement or to correct an imbalance of orders to buy and sell. suspended trading The temporary suspension of trading in a security. in Acrodyne's shares on August 14, 2000 after the Company announced that it would not timely file its Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000 and was reviewing its financial statements for prior periods. Nasdaq subsequently issued a notice of delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. , which the Company appealed on August 28, 2000. The Company is still in the process of completing its financial analysis and preparing its second quarter Form 10-Q, but is not yet in a position to determine when the Form 10-Q and any necessary restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. of prior results will be filed or what the results will be. Therefore, the Company withdrew its appeal to Nasdaq's delisting decision and its securities will be delisted. The Company's securities will not be eligible for quotation on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. until its periodic financial reports are filed. |
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