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Asta Funding, Inc. Continued Listing Plan Accepted by Nasdaq

ASTA FUNDING (ASFI)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: astafunding.com/investor-relations.html
PDF ENGLEWOOD CLIFFS, N.J., Sept. 06, 2018 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (the “Company”) today announced receipt of notice that The Nasdaq Stock Market LLC (“Nasdaq”) has accepted the Company’s plan for continued listing on The Nasdaq Global Select Market.  On August 30, 2018, the Company presented its plan of compliance to a Nasdaq Hearings Panel (the “Panel”) to become compliant with Nasdaq Listing Rule 5250(c)(1).  Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (“SEC”). On September 4, 2018, the Company received notice from Nasdaq that the Panel determined to continue the listing of the Company’s common stock while it works to file all restated and delayed periodic reports due to be filed with the SEC, as discussed in the Company’s Current Reports on Form 8-K filed with the SEC on January 18, 2018, May 16, 2018 and August 15, 2018.  More specifically, [Read more]

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