Maxus Realty Trust, Inc. Receives Nasdaq Notification Regarding Listing Deficiency.KANSAS CITY, Mo., Nov. 28 /PRNewswire/ -- On November 21, 2007, Maxus Realty Trust, Inc. (the "Company") received notice from the Nasdaq Stock Market Nasdaq stock marketThe first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. that the Company did not comply for the quarter ended September 30, 2007, with the $10 million minimum stockholders' equity requirement established by Nasdaq Marketplace Rule 4450(a)(3) for continued inclusion on the Nasdaq Global Market. Nasdaq's notice gave the Company until December 6, 2007, to provide Nasdaq with a plan to achieve and sustain compliance with the Nasdaq Global Market 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. for minimum stockholders' equity, and to indicate a time frame to resolve the listing deficiency. The Company intends to respond to the notice by applying to transfer its listing 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 . The Company believes that it meets, and will continue to meet, the criteria for listing on the Nasdaq Capital Market. Contact: DeAnn Totta (816) 303-4500 CONTACT: DeAnn Totta, +1-816-303-4500, for Maxus Realty Trust, Inc. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion