US: Vaughan Foods loses Nasdaq listing

By: just-food.com | 18 March 2010
Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page Share this article

Vaughan Foods will be delisted from the Nasdaq after failing to maintain the minimum share price of US$1 for 30 consecutive days.

In September, the refrigerated foods group was given a 180-day grace period to regain Nasdaq compliance.

However, the company failed to boost its share value and this week Nasdaq officials notified Vaughan that it will be delisted from the Nasdaq Capital Market on 24 March.

Vaughan indicated that it does not plan to appeal Nasdaq’s decision.

Instead, the company said that it would direct its efforts toward improving its performance and executing its business plan.

Shares in the company will be traded on the OTC Bulletin Board.

Sectors: Baby food, Convenience food

Companies: Vaughan Foods

View next/previous articles

Currently reading -

US: Vaughan Foods loses Nasdaq listing

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: Vaughan Foods swings to Q1 profit

US refrigerated foods group Vaughan Foods has swung to a profit in the first quarter helped by efficiencies in production labour and ingredient costs.

Not a member? Join here