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MISSISSAUGA, ONTARIO, Sep 18, 2009 (MARKETWIRE via COMTEX) --
Hydrogenics Corporation (TORONTO: HYG)(NASDAQ: HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it received notice on September 15, 2009 from The Nasdaq Stock Market, Inc. indicating that Hydrogenics is not in compliance with The Nasdaq Stock Market's requirements for continued listing because, for the previous 30 consecutive business days, the bid price of Hydrogenics' common stock closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5450(a)(i) (the "Minimum Bid Price Rule"). Hydrogenics has until March 15, 2010 (180 calendar days from September 15, 2009) to regain compliance with the Minimum Bid Price Rule. Hydrogenics can regain compliance with the Minimum Bid Price Rule if the bid price of Hydrogenics' common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before March 15, 2010. If compliance is not achieved by March 15, 2010, Nasdaq staff will notify Hydrogenics that its common stock will be delisted from The Nasdaq Stock Market.
In the event that Hydrogenics receives notice that its common stock is delisted from The Nasdaq Stock Market, Nasdaq rules permit Hydrogenics to appeal any delisting determination by Nasdaq staff to a Nasdaq Listings Qualifications Panel. In addition, in the event that such a delisting determination was based solely on non-compliance with the Minimum Bid Price Rule, the Nasdaq Marketplace Rules may permit the Company to transfer its common stock to the Nasdaq's Capital Market if the Company's common stock satisfies all criteria for initial inclusion on such market other than compliance with the Minimum Bid Price Rule. In the event of such a transfer, the Nasdaq Marketplace Rules provide that the Company would be provided an additional 180 calendar days to comply with the Minimum Bid Price Rule while on the Nasdaq Capital Market.
The Nasdaq notice received on September 15, 2009 has no effect on the listing of Hydrogenics' common stock at this time.
About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.
Contacts: Company Contact: Hydrogenics Corporation Lawrence Davis Chief Financial Officer (905) 361-3633 investors@hydrogenics.com Investor Relations Contact: Chris Witty (646) 438-9385 cwitty@darrowir.com
SOURCE: Hydrogenics Corporation
mailto:investors@hydrogenics.com mailto:cwitty@darrowir.com
Tags: business canada energy europe fuel cell industrial manufacturer market nasdaq north america ontario products toronto
Companies: Hydrogenics Corp. (HYG), Hydrogenics Corp. (HYGS)
MISSISSAUGA, ONTARIO, Sep 18, 2009 (Marketwire via COMTEX) --
Hydrogenics Corporation (TORONTO:HYG)(NASDAQ:HYGS), a leading developer and manufacturer of hydrogen generation and fuel cell products, today announced that it received notice on September 15, 2009 from The Nasdaq Stock Market, Inc. indicating that Hydrogenics is not in compliance with The Nasdaq Stock Market's requirements for continued listing because, for the previous 30 consecutive business days, the bid price of Hydrogenics' common stock closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5450(a)(i) (the "Minimum Bid Price Rule"). Hydrogenics has until March 15, 2010 (180 calendar days from September 15, 2009) to regain compliance with the Minimum Bid Price Rule. Hydrogenics can regain compliance with the Minimum Bid Price Rule if the bid price of Hydrogenics' common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before March 15, 2010. If compliance is not achieved by March 15, 2010, Nasdaq staff will notify Hydrogenics that its common stock will be delisted from The Nasdaq Stock Market.
In the event that Hydrogenics receives notice that its common stock is delisted from The Nasdaq Stock Market, Nasdaq rules permit Hydrogenics to appeal any delisting determination by Nasdaq staff to a Nasdaq Listings Qualifications Panel. In addition, in the event that such a delisting determination was based solely on non-compliance with the Minimum Bid Price Rule, the Nasdaq Marketplace Rules may permit the Company to transfer its common stock to the Nasdaq's Capital Market if the Company's common stock satisfies all criteria for initial inclusion on such market other than compliance with the Minimum Bid Price Rule. In the event of such a transfer, the Nasdaq Marketplace Rules provide that the Company would be provided an additional 180 calendar days to comply with the Minimum Bid Price Rule while on the Nasdaq Capital Market.
The Nasdaq notice received on September 15, 2009 has no effect on the listing of Hydrogenics' common stock at this time.
About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.
SOURCE: Hydrogenics Corporation
Company Contact: Hydrogenics Corporation Lawrence Davis Chief Financial Officer (905) 361-3633 investors@hydrogenics.com Investor Relations Contact: Chris Witty (646) 438-9385 cwitty@darrowir.com
Tags: business canada energy europe fuel cell industrial manufacturer market nasdaq north america ontario products toronto
Companies: Hydrogenics Corp. (HYG), Hydrogenics Corp. (HYGS)
HOUSTON, Oct 8, 2009 (GlobeNewswire via COMTEX) --
Edge Petroleum Corporation (Nasdaq:EPEX) (Nasdaq:EPEXP) ("Edge" or the "Company") announced today that on October 2, 2009, it received notice (the "Notice") from The Nasdaq Stock Market (the "Exchange") that the Company's common stock and 5.75% series A cumulative convertible perpetual preferred stock will be delisted from the Exchange at the opening of business on October 13, 2009 pursuant to the Exchange's Listing Rules 5100, 5110(b) and IM-5100-1, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on the Exchange. According to the Notice, the determination to delist the Company's securities was based on (i) the announcement by the Company on October 2, 2009 that it and each of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code and the associated public interest concerns raised by such bankruptcy petitions; (ii) concerns regarding the residual equity interest of the existing listed securities holders; and (iii) concerns about the Company's ability to sustain compliance with all requirements for continued listing on the Exchange.
The Company may appeal the Exchange's determination to a Hearings Panel, pursuant to the procedures set forth in the Exchange's Listing Rule 5800 Series. However, the Company does not intend to take any further action to appeal the Exchange's decision, and therefore it is expected that the Company's securities will be delisted and trading suspended at the opening of business on October 13, 2009.
If the Company does not appeal the Exchange's decision, the Company's securities will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets." The Company's securities may become eligible if a market maker makes application to register in and quote the security in accordance with SEC Rule 15c2-11, and such application is cleared.
About Edge Petroleum Corporation
Edge Petroleum Corporation is a Houston-based independent energy company that focuses its exploration, production and marketing activities in selected onshore basins of the United States. Additional information about the Company can be found at www.edgepet.com and www.kccllc.net/edgepetroleum.
The Edge Petroleum Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3537
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Edge Petroleum Corporation
CONTACT: Edge Petroleum Corporation Gary L. Pittman, Chief Financial Officer (713) 654-8960
Tags: bankruptcy business energy equity exploration market marketing nasdaq petroleum sec securities trade
Companies: Edge Petroleum Corp. (EPEX)
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Patriot Transportation Holding, Inc. is engaged in the transportation and real estate businesses. The transportation business is conducted through three wholly owned subsidiaries. Florida Rock & Tank Lines, Inc.
The Nasdaq Stock Market, Inc. announced that Borse Dubai and The Nasdaq Stock Market, Inc. have Secured 47.6 % of OMX AB shares through direct ownership, option agreements and irrevocable undertakings.
http://today.reuters.co.uk/stocks/KeyDevelopments.aspx?symbol=NDAQ.O
Ohio Valley Banc Corp. commenced operations on October 23, 1992, as a one-bank holding company with The Ohio Valley Bank Company being the wholly-owned subsidiary. Besides Ohio Valley Bank, OVBC also owns Loan Central, Inc. and Ohio Valley Financial Services.
http://www.ovbc.com/index.cfm?objectid=1910DAB1-A216-EBEC-D8107F6B359CFF26
The bank withstood many challenges in its early history, including the money panic of 1907 and the Great Depression of the 1930 s. In fact, it was the only Abilene bank to survive the depression without being merged, closed or recapitalized.
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Irvine Sensors Regains Compliance With Nasdaq Listing Rule 5550(b) COSTA ... Companies in this article. Irvine Sensors Corporation; Nasdaq Stock Market, Incorporated (The)
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The Nasdaq Stock Market and Borse Dubai, aiming to muscle out potential ... Borse Dubai; Nasdaq Stock Market, Incorporated (The) Mergers, Acquisitions and Divestitures
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