Platinum Analytics receives delisting notice from Nasdaq
Platinum Analytics Cayman announced that on July 7, the company received a Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock Market, notifying the Company that Nasdaq has determined to delist the Company's securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4. The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company's securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay. The current trading halt under Rule 4120(a)(5) with regards to the Company's securities will remain in place during any automatic stay or further stay granted by the Panel.
Platinum Analytics Cayman announced that on July 7, the company received a Staff Delisting Determination from the Listing Qualifications Department of The Nasdaq Stock Market, notifying the Company that Nasdaq has determined to delist the Company's securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4.
The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel pursuant to Nasdaq Listing Rule 5815.
Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company's securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay.
The current trading halt under Rule 4120(a)(5) with regards to the Company's securities will remain in place during any automatic stay or further stay granted by the Panel.