HOUSTON, Sept. 10, 2019 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) today announced the Listing
Qualifications Department of the Nasdaq Stock Market has accepted
the company's plan to regain compliance with Rule 5250(c)(1).
As previously announced, RCI received letters from Nasdaq
notifying the company of its noncompliance with the rule because
RCI had not filed its Form 10-Qs for the second quarter ended
March 31, 2019 and the third quarter
ended June 30, 2019. In response, the
company submitted and updated a compliance plan to Nasdaq. Nasdaq's
acceptance of the plan gives RCI an extension of 180 calendar days
from the second quarter 10-Q due date, or by November 6, 2019, to regain compliance.
RCI intends to file its 10-Qs and regain compliance as soon as
practicable prior to that date now that it has had a new
independent registered public accounting firm in place since
August 12, 2019. The company's common
stock continues to trade under its symbol RICK on Nasdaq.
Forward-Looking Statements
This press release may contain forward-looking statements that
involve a number of risks and uncertainties that could cause the
company's actual results to differ materially from those indicated
in this press release, including the risks and uncertainties
associated with operating and managing an adult business, the
business climates in cities where it operates, the success or lack
thereof in launching and building the company's businesses, risks
and uncertainties related to cybersecurity, conditions relevant to
real estate transactions, and numerous other factors such as laws
governing the operation of adult entertainment businesses,
competition, dependence on key personnel and, in this case,
reliance on outside third parties. The company has no obligation to
update or revise the forward-looking statements to reflect the
occurrence of future events or circumstances.
Media & Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.