USA: The Unimark Group, Inc. granted delisting appeal by Nasdaq
The Unimark Group, Inc. (Nasdaq: UNMG) announced yesterday that it has been granted an oral hearing for continued listing on the Nasdaq National Market System ("NMS"). Nasdaq had previously informed the Company that it would be delisted because the Company's common stock had fallen below the minimum bid of $1.00 per share for over thirty consecutive trading days and that the Company's market value of public float did not meet the minimum $5,000,000 required for listing. In addition, Nasdaq had also cited the Company for failing to hold an annual shareholder's meeting for fiscal year 1999. Delisting dates include January 22, 2001, January 26, 2001 and February 16, 2001.
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