Changing tables: StockerYale delists itself.Essentially, StockerYale Inc. quit before it was fired. On April 9, days after receiving its second 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. notice from the Nasdaq for not having enough stockholder equity, the Salem-based photonics photonics, the science and technology based on and concerned with the controlled flow of photons, or light particles. It is the optical equivalent of electronics, and the two technologies coexist in such innovations as optoelectronic integrated circuits. firm gave notice that it would leave the Nasdaq Global Market and apply to the Nasdaq Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for , a kind of minor league exchange with less stringent listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . The company would still trade with the same ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors , STKR. The Nasdaq Capital Market (previously known as the Small Cap Market before it changed its name in September 2005) exists for securities of smaller, less-capitalized companies that do not qualify for inclusion the global Nasdaq. The company faced delisting because it failed to meet the larger Nasdaq market's requirement of having $10 million in stockholder equity. It also must keep its stock price above $1. Right now, the company's shareholder equity is in the $9.5 million range, and its stock price has had trouble staying above 50 cents. While the Capital Market only requires $5 million of equity for an initial listing notice and $2.5 million for continued listing, the continued stock price requirements are the same. |
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