Addvantage Technologies Group (AEY) has released an update to notify the public and investors about listing compliance status.
ADDvantage Technologies Group, Inc., after filing for Chapter 7 bankruptcy on February 1, 2024, has received a notification from Nasdaq that its securities will be delisted due to concerns related to the bankruptcy, the interests of existing security holders, and the company’s ability to meet Nasdaq’s continued listing requirements. The delisting will take effect from the start of business on February 13, 2024, with the company choosing not to appeal the decision. This move will suspend trading of the company’s common stock on the Nasdaq market.
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For a comprehensive understanding of the announcement, you can read the full document here.
