Jason Industries Announces Move to OTCQX Best Market
JASON INDUSTRIES (JASN)
Last jason industries earnings: 5/2 08:00 am
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Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--Jason Industries, Inc. (NASDAQ:JASN) (“Jason” or the “Company”) today announced that its shares have been qualified to begin trading on the OTCQX® Best Market (“OTCQX”) on January 14, 2020. The move to OTCQX follows notifications from The Nasdaq Stock Market, LLC (“NASDAQ”) on January 3, 2020 and January 8, 2020 that it had determined to suspend trading in the Company’s common stock on January 14, 2020 and commence proceedings to delist the Company’s common stock from NASDAQ.NASDAQ reached its decision to delist the Company’s common stock based upon the Company’s continued non-compliance with Nasdaq Listing Rules 5550(b)(2), which requires an issuer to maintain a market value of listed securities of at least $35 million, and Nasdaq Listing Rule 5550(a)(2), which requires an issuer to maintain a bid price of at least $1.00 per share. In accordance with the Nasdaq Listing Rules, the Company had been provided a 180-day grace period within which to regain c
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