TCP Announces Inability to Meet Deadline to Regain Compliance with NYSE Continued Listing Standards; Common Stock to Begin Being Quoted on OTC Link
TCP INTL HOLDINGS LTD COMMON (TCPI)
Company Research
Source: PR Newswire
AURORA, Ohio, Nov. 21, 2016 /PRNewswire/ -- TCP International Holdings Ltd. (NYSE: TCPI) notified the New York Stock Exchange ("NYSE") today that it will be unable to complete the filing of its delinquent financial reports with the Securities and Exchange Commission ("SEC") and regain compliance with the NYSE's continued listing standards by November 25, 2016. As a result, the NYSE suspended the Company's common stock from trading, effective today, on the NYSE. The NYSE also notified the Company that it will commence proceedings to delist its common stock from the NYSE. The Company intends to appeal the NYSE's delisting determination and have such determination reviewed by a Committee of the Board of Directors of NYSE Regulation. As previously disclosed, the NYSE granted the Company an extended cure period to file its delinquent SEC reports and regain compliance with the NYSE's continued listing standards. Also as previously disclosed, the Company's recently completed Audit Commit
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