Add
MACE to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| MACE > SEC Filings for MACE > Form 8-K on 15-Oct-2009 | All Recent SEC Filings |
15-Oct-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rul
On October 9, 2009, Mace Security International, Inc ("Company") received a letter from the Nasdaq Listing Qualifications Department that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) because, for the period August 27, 2009 through October 8, 2009, the Company's closing bid price was less than $1.00 per share.
The non-compliance with Nasdaq Listing Rule 5450(a)(1) makes the Company's common stock subject to being delisted from The Nasdaq Stock Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A) the Company has a grace period of 180 calendar days expiring on April 7, 2010 to regain compliance by having a closing bid price for a minimum of ten consecutive business days at $1.00 per share or higher. Under Nasdaq Listing Rule 5810(c)(3)(F), The Nasdaq Listing Qualifications Department may, in its discretion, require the Company to maintain a closing bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally not more than 20 consecutive business days.
Until the Company is in compliance with the closing bid price rule, an indicator will be displayed with the quotation information related to the Company's securities on NASDAQ.com and NASDAQTrader.com.
A copy of a press release issued by the Company on October 15, 2009 regarding the non-compliance with Nasdaq Listing Rule 5450(a)(1) is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
(c) The following exhibit is being furnished herewith:
99.1 Press release issued by the Company dated October 15, 2009.
|
|