Long Blockchain Corp. Announces Receipt of Delisting Determination from Nasdaq; Trading to Move to OTC Markets
LONG BLOCKCHAIN CORP COMMON (LBCC)
US:NASDAQ Investor Relations:
investors.longislandicedtea.com
Company Research
Source: GlobeNewswire
Farmingdale, NY, April 10, 2018 (GLOBE NEWSWIRE) -- Long Blockchain Corp. (NasdaqCM: LBCC) (the “Company” or “LBCC”) today announced that on April 10, 2018, the Company received a delisting determination letter from the Hearings Panel of The Nasdaq Stock Market LLC (“Nasdaq”) relating to the Company’s common stock. As previously reported, on February 15, 2018, the Company received notice from the Staff of Nasdaq’s Listing Qualifications Department indicating that they had determined to delist the Company’s securities under the discretionary authority granted to Nasdaq pursuant to Nasdaq Listing Rule 5101. The Company appealed this determination and a hearing was held on March 22, 2018. Following this appeal, the Hearings Panel determined to uphold the Staff’s decision. Accordingly, trading of the Company's shares will be suspended on the Nasdaq Capital Market at the opening of business on April 12, 2018. The Company intends to apply for its common stock to be quoted and traded on th
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