Estre Announces Receipt of a Nasdaq Notice of Deficiency in Compliance With Certain Listing Rules
ESTRE AMBIENTAL (ESTR)
US:NASDAQ Investor Relations:
estre.com.br/investor-relations/?lang=en
Company Research
Source: PR Newswire
SAO PAULO, Aug. 8, 2019 /PRNewswire/ -- Estre Ambiental, Inc. (NASDAQ: ESTR) (the "Company"), the publicly traded parent company of Estre Ambiental S.A. (together with the Company and its subsidiaries, "Estre"), announces that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated August 5, 2019 indicating that the Company no longer meets the continued listing requirement of maintaining a minimum Market Value of Publicly Held Shares ("MVPHS") for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C) or 5450(b)(3)(C), because the market value of the Company's publicly held ordinary shares for the last 30 consecutive business days was below the minimum MVPHS requirement of US$15,000,000. In addition, the Company has also received a notification letter from the Listing Qualifications Department of Nasdaq dated August 7, 2019 indicating that the Company no longer meets the continued listing
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