Internap delisting stayed pending hearing
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Posted 11:51AM on Tuesday 30th July 2002 ( 23 years ago )
SEATTLE - Internap Network Services Corporation received notice Tuesday from the Nasdaq National Market that its common share price isn't in compliance with listing requirements for a minimum closing bid price of one dollar during a 90-day period. <br>
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The Seattle Internet services company said it requested a hearing to review Nasdaq's determination to delist its common shares. <br>
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Under Nasdaq rules, the scheduled delisting will be stayed pending the outcome of the hearing. <br>
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Earlier this month, the company said it will relocate its headquarters to Atlanta, and said it would cut 135 workers over the next five months.
http://accesswdun.com/article/2002/7/191887
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