Cool Holdings Announces Delisting From Nasdaq and Applies to Have Common Stock Traded on OTCQB
COOL HOLDINGS INC COMMON (AWSM)
Company Research
Source: PR Newswire
MIAMI, Nov. 6, 2019 /PRNewswire/ -- Cool Holdings, Inc. (NASDAQ: AWSM) (the "Company" or "Cool Holdings") announced that it withdrew its oral hearing request (the "Request") it previously submitted to the Nasdaq Hearings Panel (the "Panel") on October 7, 2019. The Request was submitted to the Panel after the Company received a letter from the Nasdaq Listing Qualifications Staff on October 1, 2019 (the "Letter") stating that it was still not compliant with the minimum stockholders' equity requirement of Nasdaq Listing Rule 5550(b) and would be suspended from the Nasdaq Capital Market ("Nasdaq") at the opening of business on October 10, 2019. Additionally, the Letter stated a Form 25-NSE would be filed by Nasdaq with the Securities and Exchange Commission (the "SEC") to remove the Company's shares of common stock from listing and registration on Nasdaq (the "Delisting"). The submission of the Request stayed the Delisting from proceeding, subject to a hearing in front of the Nasdaq Hea
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