Regent headed to Nasdaq delisting hearing

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Regent Communications was first notified by Nasdaq in August 2008 that it faced possible delisting because its stock was not trading above the minimum level of $1 per share. The stock is still well below that mark, so it is no surprise that Nasdaq has begun a formal delisting procedure.


Regent said Friday it had received written notification from the Nasdaq staff that it faced delisting of its stock – that is, unless Regent requested a hearing, which delays effectiveness of any delisting until a Nasdaq Listing Qualifications Panel renders a decision.

That, of course, is exactly what Regent management did, so the stock remains listed until such a hearing takes place and a decision rendered.