Taronis Terminates Nasdaq Panel Hearing Request Process
TARONIS TECHNOLOGIES INC (TRNX)
Last taronis technologies inc earnings: 5/20 05:28 pm
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Source: GlobeNewswire
Company Accepts Outstanding Nasdaq Delisting Determination PHOENIX, AZ, April 30, 2020 (GLOBE NEWSWIRE) -- Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ: TRNX), a sustainability technologies company with patented water decontamination and conservation applications, today announced that the Company has notified Nasdaq that it will no longer contest the Nasdaq delisting notice sent to the Company on March 12, 2020. The Company had previously requested a panel hearing with Nasdaq, and was granted a hearing originally scheduled for April 16, 2020. The panel hearing was ultimately postponed on short notice, and has yet to be rescheduled. Nasdaq announced the suspension of certain ongoing listing requirements, including the minimum bid price rule the evening of April 16, 2020. Despite the temporary regulatory relief provided by the suspension of the minimum bid price rule, the Company has decided to comply with Nasdaq’s delisting request as a result of several factors
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